FX.co - Burning Forecast 01/31/2018

2018-01-31T07:25:59

Long-term review

EURUSD: trade for a breakthrough.

Today, the main event of the week is the decision of the Federal Reserve on Monetary Policy, at 18.00 London time.

There may be surprises: the Fed's tougher statement on inflation could cause a strong strengthening of the dollar (correctional, but strong).

We prepare an order for the breakthrough of the local range for the euro:

We buy from 1.2455, stop at 1.2410, the target is 1.2540.

Sell from 1.2330, stop at 1.2375, the target is 1.2230.

Burning Forecast 01/31/2018

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ Burning Forecast 01/31/2018