Burning forecast 01/25/2019

On Thursday, the ECB left rates unchanged for the euro (as all experts assumed). In this case, the head of the ECB Mario Draghi expressed great concern about the state of the global economy. The chances of a rate increase by the ECB before the fall have plummeted - and it is possible that there will not be a rate hike on the euro this year.

The euro fell and pierced the level of 1.1300 down - but has not yet been able to gain a foothold below.

The intrigue is created by the British pound - it is actively growing (already passed up 1.3100), despite the negative situation around the agreement with the EU.

Thus, we are ready to move downwards - we are ready to sell the euro from 1.1285 to 1.0900 - but we are ready to buy the euro with a above 1.1395

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