On Wednesday and Thursday, the British Parliament appointed key voting options for Brexit – control over the process is now in the hands of Parliament – and we need to determine the option that has a chance to acquire a majority. The options are very different ranging from – withdrawing from the EU without an agreement – through a new agreement with the EU in the form of preserving full trading conditions according to EU rules – and to the complete abolition of Brexit and even a new referendum.
The pound and the euro, of course, are waiting for decisions.
EURUSD: There is a slight downward movement, we sell from 1.1270.
However, the downward trend will begin with a break downwards at 1.1175.
Alternative: Buy from 1.1335 and a trend above 1.1450.
The material has been provided by InstaForex Company – www.instaforex.com
On Wednesday and Thursday, the British Parliament appointed key voting options for Brexit – control over the process is now in the hands of Parliament – and we need to determine the option that has a chance to acquire a majority. The options are very different ranging from – withdrawing from the EU without an agreement – through a new agreement with the EU in the form of preserving full trading conditions according to EU rules – and to the complete abolition of Brexit and even a new referendum.
The pound and the euro, of course, are waiting for decisions.
EURUSD: There is a slight downward movement, we sell from 1.1270.
However, the downward trend will begin with a break downwards at 1.1175.
Alternative: Buy from 1.1335 and a trend above 1.1450.
The material has been provided by InstaForex Company – www.instaforex.com
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