FX.co ★ The Fed can not decide on the rate of interest rates. Forex Market Forecast for February 21

Signals for the EUR / USD pair:

A Breakout on the level of 1.1355 will lead to the growth of the euro in the area of 1.1394 and 1.1432.

However, a breakthrough on1.1319 will lead to sales of the euro in the area of 1.1279 and 1.1235.

Signals for the GBP / USD pair:

A Breakout on the level of 1.3058 will lead to growth of the pound in the area of 1.3106 and 1.3159.

On the other hand, a breakthrough on 1.3025 will lead to sales of the pound in the area of 1.2984 and 1.2916.

Fundamental data:

• Composite PMI index of Germany
• Eurozone composite PMI index
• Change in orders for durable goods in the US
• Unemployment benefits in the US