Trading Plan 02/08/2019

The big picture: High uncertainty.

1. Brexit: British Prime Minister May is making new efforts to reach an acceptance by the British Parliament of an agreement with the EU but so far there has been no success. At the same time, the pound is holding high as if telling us that the absence of a British-EU agreement does not frighten the markets much.

2. After February 15, a new shutdown in the USA is possible.

3. There are no positive impulses for the euro.

At the moment, sellers are stronger and inevitably push the euro to the key lows of the long range below 1.1300.

A break below 1.1285 paves the way for a strong fall in the euro.

In the case of another upward reversal, the upward trend will start above 1.1515.


The material has been provided by InstaForex Company -