Theresa May agrees to defer Brexit. Forex Market Forecast for February 27

Signals for the EUR / USD pair:

A breakout on the level of 1.1393 will lead to the growth of the euro in the area of 1.1432 and 1.1459. On the other hand, a breakdown of 1.1368 will lead to sales of the euro in the area 1.1344 and 1.1317.

Signals for the GBP / USD pair:

A breakdown on the level of 1.3282 will lead to the growth of the pound in the area of 1.3348 and 1.3383. On the contrary, a breakdown of 1.3211 will lead to sales of the pound in the area of 1.3149 and 1.3098.

Fundamental data:

  • Eurozone consumer confidence indicator
  • US Merchandise Trade Balance
  • Chairman of the Board of Governors of the Fed Jerome Powell will deliver a speech
The material has been provided by InstaForex Company - www.instaforex.com

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