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FX.co ★ Burning Forecast 03/22/2019

Burning Forecast 03/22/2019

On Wednesday, the euro sharply grew above the mark of 1.1425 on the Federal Reserve's decisions, which set an upward trend.

However, on Thursday, the euro fell under a sharp selling, now it almost completely blocked the environment's growth.

But by Friday morning, we see slow growth.

A continuation of the trend is still possible.

The reason for the euro's fall is probably the Brexit theme's unexpected return to the market.

We keep buying from 1.1340 - but stop at a breakeven, the euro passing below 1.1340 cancels the trend.

Buy from 1.1450.

Sell from 1.1175.

Burning Forecast 03/22/2019

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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