Burning Forecast 03/15/2019

After a gruelling vote in the British Parliament, a widely expected decision was eventually made. This decision was the least wanted by Prime Minister May, so Brexit was postponed for only for three months. Theresa May is deteremined in her ambition to finalize an agreement with the EU until March 20. However, if her efforts are in vain, the departure of the UK from the EU will be delayed for a long time.

Meanwhile, market turbulence has calmed down. Thus, the time is ripe for EUR/USD to develop the spring trend.

EURUSD: We are ready to buy the euro from 1.1340.

Alternative: Sell from 1.1175.

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