For Traders

Analytical Reviews

Hot forecast

24.01.201809:18 Forex Analysis & Reviews: Burning forecast 01/24/2018

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 01/24/2018

EURUSD: Attempt to breakthrough.

In the morning, EURUSD made a breakout attempt: the price went up to the zone of 1.2300 - 1.2325, showing a new high of January 1.2334, but retreated at the time of writing the review.

The nature of the movement is not yet clear - the European session is just beginning.

The main news for the euro - tomorrow, on Thursday, January 25 - is only the ECB decision on rates.

Technically there is an upward signal: buy from 1.2300, stop at 1.2255, profit at 1.2400.

In the case of a full down turn sell from 1.2160.

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.