FX.co ★ Breaking forecast 11/20/2017

Breaking forecast 11/20/2017

Merkel can not form a government: EURUSD is ready for a decline.

The main news on Monday: German Chancellor Merkel announced a failure in the formation of a coalition government.

The euro fell to 1.1725 and is prepared for a new fall.

Sell EURUSD from 1.1760.

In the case of unexpected news that everything has changed and Merkel will still be able to form a government - buy the euro from 1.1825.

In case of continuation of the political crisis in Germany and the announcement of new elections - the euro will fall to 1.1550 and selling for breakthrough of 1.1550 are possible.