Two important news led to a decline in the euro on Tuesday:
- British Prime Minister Theresa May received a crushing blow from Parliament - her agreement with the EU failed in the vote with a crushing score of 420 against 202 - the worst result of voting for the government bill in 100 years. The next step is a vote of no confidence in Theresa May - and it is possible to change the prime minister and early elections.
- The head of the ECB Draghi said that the state of the EU economy is worse than expected - that is, the transition of the ECB to a stronger monetary policy should not be expected. The euro fell to 1.1400.
Next: Now ahead is a new round of negotiations on an EU agreement - Britain - but first, Britain must decide who will negotiate. And maybe Brexit will be postponed.
The EURUSD rate actually returned to the range of 1.1300 - 1.1500.
We are ready to buy euros from 1.1490.
We are ready to sell the euro from 1.1300.