Burning Forecast 02/19/2019

There are some new data showing a slowdown in growth in the US. Perhaps the Fed's "minutes" on Wednesday and orders for durable goods on Thursday will reinforce this trend.

There is some positives under the EU - Britain agreement: The government in London is preparing a new text of the agreement. A decisive vote on February 27, but probably any outcome is positive for the market - or a miracle could happen and the agreement is accepted - or the agreement fails (more likely) - but in this case, Prime Minister Theresa May will most likely announce that she will ask the EU for a big delay brexit.

The euro is fumbling for a direction.

Key breakout levels:

Buy at breakout of 1.1345 or

Sell at a break downwards of 1.1230


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