Burning Forecast 03/21/2019

Source: Forex Analysis

On Wednesday evening, the Federal Reserve published a decision on rates (unchanged) and the text of the statement.

The main thing: the Fed made it clear that it is very likely that there will be no rate hikes in 2019.

This stimulated the dollar’s decline – in the euro, franc and yen. The pound did not participate in the movement – but strengthened in previous days.

EURUSD: A breakthrough of the important level of 1.1425 gives a signal of an upward trend.

We keep buying from 1.1340 – it is possible to buy with a retracement of 1.1375.

Alternative: with a full turn downwards, sell from 1.1175.

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