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18.02.201910:11 Forex Analysis & Reviews: Trading Plan 02/18/2019

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Main motives for the market:

The shutdown in the US has been overcome, now there will be a long process of Democrats against Trump because of his imposition of the state of emergency (Trump did it to finance the wall on the border with Mexico).

Brexit: The question has been postponed so far until February 27 - the dates of the vote in Parliament. Opponents of May expect that the agreement with the EU will again fail in Parliament - and this will allow Brexit to be postponed for a long time.

According to the news - we are waiting for Wednesday's report on orders for durable goods in the United States.

We expect the start of a large trend for the euro in the near future.

We are ready to buy euros from 1.1345.

Alternative: Sell from 1.1230.

Exchange Rates 18.02.2019 analysis

Jozef Kovach
Analytical expert of InstaForex
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