FX.co ★ Burning forecast 08/02/2019

The euro is falling under negative pressure:

1. After February 15, a new shutdown in the US is possible.

2. Emergency talks Theresa May - the EU leadership did not give any trump cards to the hands of the British prime minister for an agreement with the EU through Parliament. The deadline for Britain's withdrawal from the EU is approaching and the agreement is not approved by Parliament.

3. ECB lowers its growth forecast for the eurozone

Against this background, the EURUSD rate, which is technically more ready for growth, is declining under the pressure of the foundation.

But until the key level 1.1285 is taken down - this is the range.

We are ready to sell the euro with big targets (up to 1.0800) from 1.1285.

We are ready to buy the euro from 1.1515, but in the event of a strong rebound of the euro to the top, a new entry level is likely to form upward, closer to current prices.