On Wednesday evening, the Fed’s Beige Book report came out. The report was generally in very mild tones, but investors saw in it signs of increased growth and the risk of inflation.
On these news investors sold the euro to the dollar.
But the growth of the euro has not been canceled yet.
Buy the euro in case of a decline from 1.2120, stop loss at 1.2075, profit at 1.2280.
The second option: buy for a breakthrough upward from 1.2325, stop at 1.2280, profit at 1.2425.
The key point for canceling the trend is to go up 1.2075.
The material has been provided by InstaForex Company – www.instaforex.com
EURUSD: Growth under pressure.
On Wednesday evening, the Fed’s Beige Book report came out. The report was generally in very mild tones, but investors saw in it signs of increased growth and the risk of inflation.
On these news investors sold the euro to the dollar.
But the growth of the euro has not been canceled yet.
Buy the euro in case of a decline from 1.2120, stop loss at 1.2075, profit at 1.2280.
The second option: buy for a breakthrough upward from 1.2325, stop at 1.2280, profit at 1.2425.
The key point for canceling the trend is to go up 1.2075.
The material has been provided by InstaForex Company – www.instaforex.com
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