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Burning forecast 01/23/2019

The volatility of the EURUSD pair has fallen to the lowest values in recent days - the market is preparing to move.

There are still three main subjects - and none is resolved until the end: 1) the Shutdown in the US - the vote in the Senate on the way out of the budget crisis will begin in the near future; 2) the EU-Britain Agreement - it is most likely that they will accept the Labour Party's proposal and postpone the deadline of Brexit - it's now March 29th.

And finally (3) - the ECB monetary policy meeting: there is no reason for the ECB to change its course to super-soft policy - but even a slight deviation from the soft rate could blow up the market - the ECB's decision on Thursday January 24th.

We are preparing purchases from 1.1415.

Alternative: sell from 1.1300.

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