Burning Forecast 01/29/2018

Burning Forecast 01/29/2018

EURUSD: Ahead of a long range.

Last week, a lot of important news came out.

ECB: No rate increases in 2018. We will stimulate economic growth. The euro exchange rate of 1.2500 to the dollar is not a concern.

US Finance Ministry in Davos: The decline of the dollar is good for the US.

Against this background, there is an attempt to grow the euro, but we can not hold on to 1.2500. A break is needed.

Forward-range.

Buy from 1.2300.

Sell from 1.2540.