FX.co ★ Breaking forecast 02/21/2018

Breaking forecast 02/21/2018

EURUSD: Continue to prepare for growth.

So, for two days this week there is a corrective decline in the euro.

Nevertheless, the growth trend is not broken.

A strong rebound is expected at first - with the formation of a significant high in the area of 1.2380 - 1.2400 - and then, after stopping not less than 8 hours, a breakdown and a breakthrough.

So far there is no point to enter the upper level.

Buy for the breakthrough of 1.2555.

Sell for the breakthrough 1.2205.

We expect at 6:00 PM London Time the report from the last meeting of the Fed.