Burning forecast 07/18/2019 EURUSD and trading recommendation


The euro has been under pressure since the beginning of the week - because of the sellers who are attacking the British pound. News regarding the possible withdrawal of Britain from the EU without an agreement - caused a strong decline in the pound, and this dragged the euro down through the euro-pound.

But the fall of the pound stopped, and the euro immediately showed a rebound upwards.

Fed report "Beige Book" did not play a strong role.

EURUSD: Range.

From the point of view of technical analysis, you can buy when you break upwards 1.1290.

You can sell when you break down 1.1190.

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