Burning forecast 03/28/2019

European currencies are still under pressure due to ongoing crisis around Brexit. On Wednesday, the British Parliament held 6 votes on various options for resolving the Brexit issue - but none received a majority. The relative majority received options for a "soft" exit from the EU (in fact, the preservation of all trade conditions in the EU) and the option of a new referendum. May's suggestion that she was willing to resign if her plan received support did not have the desired effect.

On Thursday, the search for a solution to Brexit in the Parliament will continue.

EURUSD: The statement of the ECB head regarding a possible increase in the deposit rate for banks and the withdrawal of this rate from the negative zone - only slightly supported the euro. But the fall stopped.

We are waiting for the break of the range boundaries and the beginning of the trend.


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