FX.co ★ Burning forecast 02/22/2019

On Thursday, February 21, the EURUSD received some support from weak data on the US economy.

However, the market expected an impulse from negotiations on the EU-British agreement in Brussels - but an agreement could not be reached right away - experts now expect that Prime Minister Theresa May will ask the EU to postpone Brexit for three months or more - and get such a delay. But, most likely, an important vote on Brexit on February 27 will be held in the British Parliament.

The euro was not able to overcome a very strong resistance of 1.1375 on the way up - but the growth has not been canceled yet.

We are ready to buy the euro at a breakout of 1.1375.

Alternative: we sell from 1.1230.