FX.co ★ Burning Forecast 02/02/2018

Burning Forecast 02/02/2018

EURUSD: Wait for a strong growth.

Today an important event: At 12:30 London time, the US employment report for January (Nonfarm payrolls) will be released. Analyst forecasts +180 to +250 new jobs.

In my forecast, we will see a EURUSD rate increase to 1.2540, a breakout to the top and a move to 1.2580.

We buy from 1.2480 or a breakthrough of 1.2540 in the event.

If I'm wrong and it will be followed by a full turn downwards, we sell from 1.2330