EURUSD: We are waiting for the breakthrough of the range.
On Wednesday, the only important event of the week for the market was held – the report of the last meeting of the Fed (“minutes” of the Fed) was published.
The report showed the Fed’s great optimism about the state of the US economy and the prospects for economic growth, employment and inflation. The mood of hiking rates was very noticeable.
The euro tried to rebound, but the spurt lasted only 15 minutes and was set to selling. In the morning, the euro is trading at the low of the current week at 1.2268.
Frankly, I thought it would more likely turn up – and move towards 1.2555, along with the trend. Now the picture appears like a willingness to test down the level of the weekly order of 1.2205 – if this happens and ends with a breakthrough, it will raise a question of a trend reversal.
We sell from 1.2205 to break, stop at 1.2250, profit 1.2100.
The level for the purchase will appear later.
The material has been provided by InstaForex Company – www.instaforex.com
Burning Forecast 02/22/2018
EURUSD: We are waiting for the breakthrough of the range.
On Wednesday, the only important event of the week for the market was held – the report of the last meeting of the Fed (“minutes” of the Fed) was published.
The report showed the Fed’s great optimism about the state of the US economy and the prospects for economic growth, employment and inflation. The mood of hiking rates was very noticeable.
The euro tried to rebound, but the spurt lasted only 15 minutes and was set to selling. In the morning, the euro is trading at the low of the current week at 1.2268.
Frankly, I thought it would more likely turn up – and move towards 1.2555, along with the trend. Now the picture appears like a willingness to test down the level of the weekly order of 1.2205 – if this happens and ends with a breakthrough, it will raise a question of a trend reversal.
We sell from 1.2205 to break, stop at 1.2250, profit 1.2100.
The level for the purchase will appear later.
The material has been provided by InstaForex Company – www.instaforex.com
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