Important events today:

08:30 UTC – DE: Manufacturing PMI.

09:30 UTC – GB: Manufacturing PMI.

Price growth to the nearest levels should be considered for opening sell orders, counting on a further downward trend. Less than three weeks remain until the end of the quantitative easing program in the US, which will be recouped by investors in advance.

The geopolitical situation in Eastern Europe does not add optimism, although there is no direct conflict between the Russian Federation and Ukraine, everything can worsen due to provocations of either side. If we draw analogies between this situation and the events 4 years ago in Syria, we will be entertained with geopolitics until the US Federal Reserve on March 16th.

Recommendations: Sales 1.1392/1.1428 and TP 1.1320.