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21.02.201809:21 Forex Analysis & Reviews: Trading plan 02/21/2018

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.

Trading plan 02/21/2018

The general picture: The market is preparing the movement.

The last days in the market are correctional, range sentiments. This is normal: There is NO news, in fact. The last news was a week ago. The growth of inflation in the United States, it caused a correction in currencies but it has already won. The new news today at 19:00 London Time, the "minutes" of the Fed. What to expect? It is more likely that there will be no strengthening of the Fed's tight position and the dollar will decline. But there are also possible surprises.

More likely, a new round of growth against the dollar is expected.

This is the last week without important news. Next week, there will be a data package for the United States.

The euro is in the range of 1.2205 - 1.2555. We are waiting for release.

Pound: We are waiting for growth, we buy from 1.3940.

Exchange Rates 21.02.2018 analysis

Jozef Kovach
Analytical expert of InstaForex
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