FX.co ★ Burning Forecast 01/12/2017

Burning Forecast 01/12/2017

EURUSD: Buy the euro from kickbacks.

The euro is growing on strong data on the economy of Europe: unemployment in the euro area has dropped to 8.8% - this is the lowest unemployment rate since 2011. At the same time, inflation remains at low levels and does not grow - this does not provide the ECB with a chance to tighten monetary policy.

Buy the EUR from 1.1890 and below, with the target of 1.1960 and further towards 1.2080.

Stop-loss at 1.1840.

Alternative: Sell for a breakthrough of 1.1807 downwards.