FX.co ★ Burning forecast 12.02.2019

On Monday, the euro broke down an important level of 1.1285 and closed the day below the range limit.

This is an important technical signal at the beginning of a big trend downwards.

However, while such an option is possible: the signal may turn out to be false - the price has passed too short a distance in the direction of a breakthrough - and there is an option of a reversal upwards.

We keep selling from 1.1285 and look forward to a continuation of the downward movement.

In the event of a full reversal, we are ready to buy the euro not closer than 1.1515.