FX.co ★ Burning forecast 05/02/2018

Burning forecast 05/02/2018

EURUSD - Waiting for a strong upward rebound.

Today - important news on the US:

Late in the evening at 6:00 PM London time - the decision of the Fed on rates. Experts do not expect an increase, but the Fed statement will be "tough."

But before that: At 12:15 PM London time a private report on employment in the US will be issued from ADP - a strong report is likely.

EURUSD: Given the previous strong euro decline, we are waiting for a strong rebound to the top to 1.2100 - and then a new downward call.

Sell the euro from 1.2100, stop at 1.2145, profit at 1.2000.