For Traders

Analytical Reviews

Hot forecast

12.01.201808:59 Forex Analysis & Reviews: Burning Forecast 01/12/2018

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Burning Forecast 01/12/2018

EURUSD: The way up is open.

On Thursday, important data on inflation in the US came out: inflation is below forecasts, and is practically not growing. For the Fed, there is no reason to rush in hiking rates - at least for the time being.

The Euro predictably went upwards.

Keep buying from 1.2020.

The possibility of buying with kickbacks.

Buy for a breakdown of 1.2090 upwards, stop loss at 1.2045, profit on 1.2200.

In case of a full reversal downwards, sell from 1.1915.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.