Breaking forecast 01/09/2019

The EURUSD rate continues its close consolidation under the upper limit (1.1500) of the long range.

A break above 1.1500 and consolidation there will start a strong movement with a potential up to 1.2000.

Among the fundamental reasons: the slowdown in the US and the problems of Trump Congress - and as a consequence of the completion of the Fed rate hike cycle.

Today, the debate begins in the British Parliament in agreement with the EU.

We are ready to buy the euro from 1.1490, stop 1.1445, target 1.1700.

Alternative: Sell from 1.1300.

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The material has been provided by InstaForex Company - www.instaforex.com