empty
 
 
05.02.2018 11:50 PM
Breaking forecast 02/05/2018

Breaking forecast 02/05/2018

EURUSD: Prepare for an upward impulse

On Friday, a report on employment in the US was published:

The number of new jobs is + 200, 000, higher than the forecast.

Unemployment stood at 4.1% - unemployment at the lowest levels since 2007.

Before this, the Fed issued a statement on the state of the US economy, which increased its attention on inflation.

In general, the news was in favor of the dollar - except for a strong decline in the US stock market on Friday -2% - but there the correction was brewing a very long time.

Nevertheless, the euro fell slightly.

We still expect the euro to continue to rising.

Buy for the breakthrough 1.2525, stop at 1.2480, target is 1.2640.

Alternative: Sell at the break down of 1.2330.

This image is no longer relevant

Dean Leo,
Analytical expert
InstaFintech Group © 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback