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Burning forecast 01/28/2019

At the close of the week, the euro gave a strong technical signal to the top: after trying to break below 1.1300, the euro was heavily bought, and it broke through the daily order level of 1.1395 to the top and is higher in the morning.

Fundamentally: the end of the shutdown in the US (for the time being it is temporarily until February 15) was a positive for the markets.

In addition, the strong growth of the British pound shows that the markets are not afraid of the failure of the EU-Britain agreement.

Next week there are important events - the Federal Reserve on Wednesday and the jobs report in the US on Wednesday and Friday.

The Fed's soft position may spur the growth of the euro.

We keep buying euros from 1.1395, the purpose of 1.1570.

Alternative: Sell from 1.1285

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