27.02.201909:55 Forex Analysis & Reviews: Burning forecast 02/27/2019

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On Tuesday, the euro managed to overcome the strongest resistance of sellers and still went up to the level of 1.1375.

However, while the euro was able to move upward only slightly - to 1.1400 - and rolled back on Wednesday morning to 1.1375.

The reason for the move on Tuesday is that British Prime Minister May agreed to an important concession - if today, February 27, Parliament does not approve the agreement with the EU - May will put to the vote - postpone the Brexit date - to prevent Britain from leaving the EU without an agreement. (Now the release date is March 29). The pound went up sharply - and it helped the euro - albeit quite a bit - the euro fell significantly on the euro-pound.

Thus - there is an important signal - a breakthrough to the top of the daily level of the order of 1.1375 - but so far the breakdown may turn out to be false.

February 27 is an important day for the euro: At 14.00 London time, Federal Reserve Chairman Powell will make a report to Congress - as expected, Powell will make it clear that a Fed rate hike will not happen.

We keep buying euros from 1.1315.

You can buy from 1.1375.

Alternative: Sell from 1.1315, below from 1.1230.

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