Burning Forecast 01/11/2018
EURUSD: We expect a strong move.
On Thursday, forex traders are waiting for two important news that can stir the market:
The report from the last meeting of the ECB - on the expectation of market data that was shown yesterday on January 10, a sharp increase and a strong pullback afterwards.
The report on inflation in the US will be released at 12.30 London time, and will be reinforced by data on retail sales.
Suffice it to hint at an acceleration of inflation in the United States to sharply reduce the euro.
There are strong levels for an entry of a breakout both upward and downwards:
Buy for the breakthrough of 1.2090, stop at 1.2045, target is 1.2200.
Sell for the breakthrough of 1.1915, stop at 1.1960, target is 1.1815.
