FX.co ★ Trading plan 02/07/2018

Trading plan 02/07/2018

The general picture: The correction in the US market sharply slowed down.

On the US market, a strong fall of shares took place on February 2 and 5. On February 6, on the contrary, the US market showed a strong rebound-upward turn. The main US indices showed a strong increase of + 1.7 + 2.3%, trading volumes on the main exchanges were recorded at 60-95% above the average.

Thus, the fall was stopped.

The foreign exchange market behaved similarly to the US market. The euro pierced the daily minimum at 1.2330 but jumped abruptly to the upward

We expect a new growth against the dollar.

Pound: We are buying from the level of 1.3930.