22.03.201910:04 Forex Analysis & Reviews: Burning Forecast 03/22/2019

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.

On Wednesday, the euro sharply grew above the mark of 1.1425 on the Federal Reserve's decisions, which set an upward trend.

However, on Thursday, the euro fell under a sharp selling, now it almost completely blocked the environment's growth.

But by Friday morning, we see slow growth.

A continuation of the trend is still possible.

The reason for the euro's fall is probably the Brexit theme's unexpected return to the market.

We keep buying from 1.1340 - but stop at a breakeven, the euro passing below 1.1340 cancels the trend.

Buy from 1.1450.

Sell from 1.1175.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.