20.02.201809:31 Forex-elemzések és áttekintések: Trading plan for February 20, 2018

Today, we can continue to observe a small stagnation in the market due to the lack of significant news. In Europe, the index of economic sentiment ZEW is published, which should decrease from 31.8 to 28.4. In turn, the CBI report on industrial orders in the UK is likely to show a decline in the index from 14 to 10. Although all these data are not so significant, their publication will lead to a symbolic strengthening of the dollar.

The currency pair euro / dollar, practicing the range level of 1.2520, as expected, felt resistance, forming on the market the reverse movement. Now, we see a fluctuation in the value of 1.2375, holding a bearish interest. It is possible to assume a further decrease to a value of 1.2340 / 1.2330, with a temporary support.

The pound / dollar currency pair, forming a fleeting stagnation near the psychological level of 1.4000, moved to the fixation stage below to build up short positions. It is likely to maintain a bearish interest in the direction of 1.3910.