Breaking forecast 01/08/2018

EURUSD continues to consolidate under the upper limit of the range - 1.1500.

This technically indicates a more likely breakout upwards - and the beginning of the trend up.

Fundamentally, the European currency is waiting for a signal from the Parliament of Britain, where the final act of the never-ending series of Brexit will take place: Parliament will begin discussing an agreement with the EU on January 9 and a vote will be held no later than January 15.

We are ready to buy euros from 1.1500 - possible purchases from 1.1485.

Alternative: sell from 1.1300.


The material has been provided by InstaForex Company -