empty
 
 
25.01.2018 09:19 AM
Burning Forecast 01/25/2017

Burning Forecast 01/25/2017

EURUSD: The euro awaits the decision of the ECB on the highs.

Therefore, the main event of today and the week - and, perhaps, the month - is the decision of the ECB on its monetary policy. The market is waiting for the tightening of the ECB policy: the EU economy is clearly accelerating, shares are at highs, and the ECB continues the policy of injecting money in the market (though, the volume was halved in January - but still amounts to a massive 30 billion euros a month). This is despite the fact that such a measure - the injection of liquidity - is clearly unconventional from the point of view of the classical model of the Central Bank of developed countries - a measure clearly forced, anti-crisis. In addition, a negative (-0.4%) deposit rate for banks in the ECB.

The only question is when.

The decision of the ECB is at 11.45 London time, the press conference of the head of the ECB Mario Draghi will be at 12.30 London time.

On the market: the euro rose sharply out of a prolonged consolidation, without waiting for the ECB's decision. All our trading goals at the top have already been achieved.

As for technical objectives: the scale of H4 target at 1.2490 - on the scale of the weekly chart of 1.2530 - 1.2540.

Particularly aggressive traders who are itching to draw blood - cannot wait to start selling: sell from 1.2490 and stop 1.2535, if stop, sell from 1.2535, stop at 1.2570.

However, it is more competent to see a strong pullback, then sell from the "second call" to the top.

Sell only from 1.2160, but it is quite far.

In such a situation - after strong growth - the movement on the ECB can equally be strongly upwards - and vice versa, sharply downwards.

It's better to just watch.

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.
    कॉन्टेस्ट में हिस्सा लें
  • चैन्सी डिपॉजिट
    $ 3,000 के साथ अपना खाता जमा करें और प्राप्त करें $8000 अधिक!
    में मार्च हम आकर्षित करते हैं $8000 चैंसी डिपॉज़िट में
    ट्रेडिंग अकाउंट में $ 3,000 जमा करके जीतने का अवसर प्राप्त करें इस शर्त को पूरा करके आप प्रतियोगिता में भाग ले सकते हैं
    कॉन्टेस्ट में हिस्सा लें
  • ट्रेड वाइज़, विन डिवाइस
    कम से कम $500 के साथ अपने खाते में टॉप अप करें, कॉन्टेस्ट के लिए साइन अप करें और मोबाइल डिवाइस जीतने का मौका पाएं।
    कॉन्टेस्ट में हिस्सा लें
  • 100% बोनस
    अपनी जमा राशि पर 100% बोनस प्राप्त करने का आपका अनूठा अवसर
    बोनस पायें
  • 55% बोनस
    अपनी प्रत्येक डिपॉजिट पर 55% बोनस के लिए आवेदन करें
    बोनस पायें
  • 30% बोनस
    हर बार खाता टॉप अप करने पर 30% बोनस प्राप्त करें
    बोनस पायें

अनुशंसित लेख

अभी बात नहीं कर सकते?
अपना प्रश्न पूछें बातचीत.
Widget callback