The three-month standing of the euro in the range is coming to an end – important events will force the euro to go out of range and look for a new equilibrium zone.
There are three such events:
1) The crisis of the US budget – in the US Senate, a vote on the proposals of Trump and the Democrats must be done before Friday – to find a compromise. There is a lot of pressure to resolve the issue before the start of the new week.
2) Brexit and the British Parliament – it is highly likely that the Parliament will vote to postpone the Brexit term – perhaps for a year.
3) The ECB meeting on Thursday – what are the plans for the current year – amid slowing growth in the US and the EU.
We are ready to buy euros from 1.1415.
We are ready to sell the euro from 1.1300.
The material has been provided by InstaForex Company – www.instaforex.com
The three-month standing of the euro in the range is coming to an end – important events will force the euro to go out of range and look for a new equilibrium zone.
There are three such events:
1) The crisis of the US budget – in the US Senate, a vote on the proposals of Trump and the Democrats must be done before Friday – to find a compromise. There is a lot of pressure to resolve the issue before the start of the new week.
2) Brexit and the British Parliament – it is highly likely that the Parliament will vote to postpone the Brexit term – perhaps for a year.
3) The ECB meeting on Thursday – what are the plans for the current year – amid slowing growth in the US and the EU.
We are ready to buy euros from 1.1415.
We are ready to sell the euro from 1.1300.
The material has been provided by InstaForex Company – www.instaforex.com
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