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20.02.201809:28 Forex Analysis & Reviews: Breaking forecast 02/20/2018

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Breaking forecast 02/20/2018

EURUSD: Consolidation before growth.

The whole technical picture indicates the incompleteness of the upward trend: No reversal figure. The price is well above the support line.

Major safe haven assets - yen, franc, gold, pound -are pictured directed against the dollar.

At the same time, before the increase can be significant, there rollback down to 1.2250, making purchases at current prices not very attractive.

Important news from those that are scheduled to be released- on Wednesday February 21 - "minutes" of the Fed. Against the background of a news lull, it could move the market.

Thus, until interesting levels appear at the entrance, our position is conservative:

Buy at the break of 1.2555 up, stop at 1.2510, profit at 1.2655.

Sell at the break of 1.2205 down, stop at1.2250, profit at 1.2100.

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