On Thursday, February 21, the EURUSD received some support from weak data on the US economy.
However, the market expected an impulse from negotiations on the EU-British agreement in Brussels – but an agreement could not be reached right away – experts now expect that Prime Minister Theresa May will ask the EU to postpone Brexit for three months or more – and get such a delay. But, most likely, an important vote on Brexit on February 27 will be held in the British Parliament.
The euro was not able to overcome a very strong resistance of 1.1375 on the way up – but the growth has not been canceled yet.
We are ready to buy the euro at a breakout of 1.1375.
Alternative: we sell from 1.1230.
The material has been provided by InstaForex Company – www.instaforex.com
On Thursday, February 21, the EURUSD received some support from weak data on the US economy.
However, the market expected an impulse from negotiations on the EU-British agreement in Brussels – but an agreement could not be reached right away – experts now expect that Prime Minister Theresa May will ask the EU to postpone Brexit for three months or more – and get such a delay. But, most likely, an important vote on Brexit on February 27 will be held in the British Parliament.
The euro was not able to overcome a very strong resistance of 1.1375 on the way up – but the growth has not been canceled yet.
We are ready to buy the euro at a breakout of 1.1375.
Alternative: we sell from 1.1230.
The material has been provided by InstaForex Company – www.instaforex.com
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