FX.co ★ Breaking forecast 02/07/2018

Breaking forecast 02/07/2018

EURUSD: Waiting for the upward movement.

On Tuesday, a break below the daily level of 1.2330 was false - our selling are gone in those footsteps.

Now the upward movement looks more likely: Breakthrough of the level of 1.2440, then a test of the level of 1.2525 and in case of a successful breakthrough the movement at 1.2640.

Buy from 1.2440, stop at 1.2395, profit at1.2640.

Alternative: Sell from 1.2310.

There are no strong news in the coming days.