FX.co ★ Burning Forecast 14/12/2017

Burning Forecast 14/12/2017

EURUSD: A strong buy signal.

On Wednesday, the Federal Reserve decided on the rates: The main rate on the dollar was raised +0.25% to the range of 1.00 - 1.50% (as everyone expected).

The forecast on US economic growth was raised. The forecast of the Fed - the rate in 2018 will increase no more than 3 times by +0.25%. What is important? Market reaction.

On these strong, as a whole, US data - the euro sharply turned to growth, breaking the highs of the current week at 1.1815.

This is a strong signal for growth.

Buy from 1.1815, the stop-loss is 1.1770. Objectives: 1.1915 - 1.1940 - 1.2080.

Take note: Today at 11.45 London time, the decision of the ECB on rates, at 16.30 - speech of the head of the ECB Draghi.