Our position on buying the euro from 1.2395 opened yesterday and closed the deal with profit this morning: Valentine’s Day and US inflation news did not disappoint us.
Inflation data in the US showed an increase to + 2.1% annually – it is important that inflation became above 2% – as we known, the Fed considers normal inflation in the range of 2 – 2.5% – and this is already within the limits of the attention of the Fed.
On the news the euro fell significantly, but! Then the rapid increase began.
At the moment, it seems more likely to break through to 1.2525 and increase to 1.2640.
The material has been provided by InstaForex Company – www.instaforex.com
Breaking forecast 02/15/2018
EURUSD: Attempting a breakthrough.
Our position on buying the euro from 1.2395 opened yesterday and closed the deal with profit this morning: Valentine’s Day and US inflation news did not disappoint us.
Inflation data in the US showed an increase to + 2.1% annually – it is important that inflation became above 2% – as we known, the Fed considers normal inflation in the range of 2 – 2.5% – and this is already within the limits of the attention of the Fed.
On the news the euro fell significantly, but! Then the rapid increase began.
At the moment, it seems more likely to break through to 1.2525 and increase to 1.2640.
The material has been provided by InstaForex Company – www.instaforex.com
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