Burning Forecast 01/31/2018

EURUSD: trade for a breakthrough.

Today, the main event of the week is the decision of the Federal Reserve on Monetary Policy, at 18.00 London time.

There may be surprises: the Fed's tougher statement on inflation could cause a strong strengthening of the dollar (correctional, but strong).

We prepare an order for the breakthrough of the local range for the euro:

We buy from 1.2455, stop at 1.2410, the target is 1.2540.

Sell from 1.2330, stop at 1.2375, the target is 1.2230.