FX.co ★ Trading Plan for EUR/USD pair on 05/22/2019

The big picture: Theresa May failed to inspire optimism in European currencies.

On Tuesday, British Prime Minister Theresa May presented a new, final Brexit plan.

This plan even allows for a second referendum.

However, having seen the details of the plan, the experts decided that this attempt would not be successful and May is likely to be forced to resign this summer.

On Tuesday, the pound and the euro rose in the short run - but retreated back.

EUR/USD: We are waiting for a break below the zone of 1.1110 - 1.1130 and the beginning of a strong downtrend.

We sell from 1.1130.

Alternative: We buy from 1.1225.