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01.02.201809:11 Forex Analysis & Reviews: Burning forecast 02/01/2018

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Burning forecast 02/01/2018

EURUSD: Trade out of range.

Important news on the US on Wednesday January 31:

The employment report from the ADP agency showed a growth of the labor market + 234,000 - significantly better than the forecast.

The Fed left rates unchanged at 1.25%- 1.50%, but at the same time intensified its attention to inflationary processes - that is, it tightened the text of the statement, actually preparing the way for raising the rate by + 0.25% at the meeting in March.

This news stopped the attempt of euro to rise to 1.2500

Nevertheless, the upward movement is more likely.

We are ready to participate in the output range of the euro, both up and down.

Buy for breakdown at 1.2480, stop at 1.2435, profit at 1.2580.

Sell for breakdown at 1.2330, stop at 1.2375, profit at 1.2230.

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