FX.co ★ Burning Forecast 01/09/2018

Burning Forecast 01/09/2018

EURUSD: Buy for a breakthrough of 1.2090.

The new year started with a corrective decline in the euro.

We stand on selling from 1.2000, but the potential movement looks weak. It is more likely that the EURUSD pair will move up and make a new attempt at growth at 1.2090.

To sell late, do so for a breakthrough while it is early - there is no level downwards.

At a turn upwards:

Buy from 1.2090, stop at 1.2045, the target is 1.2200.