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Burning Forecast 01/12/2018

EURUSD: The way up is open.

On Thursday, important data on inflation in the US came out: inflation is below forecasts, and is practically not growing. For the Fed, there is no reason to rush in hiking rates - at least for the time being.

The Euro predictably went upwards.

Keep buying from 1.2020.

The possibility of buying with kickbacks.

Buy for a breakdown of 1.2090 upwards, stop loss at 1.2045, profit on 1.2200.

In case of a full reversal downwards, sell from 1.1915.

Exchange Rates 12.01.2018 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2018
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