Burning Forecast 01/29/2018
EURUSD: Ahead of a long range.
Last week, a lot of important news came out.
ECB: No rate increases in 2018. We will stimulate economic growth. The euro exchange rate of 1.2500 to the dollar is not a concern.
US Finance Ministry in Davos: The decline of the dollar is good for the US.
Against this background, there is an attempt to grow the euro, but we can not hold on to 1.2500. A break is needed.
Forward-range.
Buy from 1.2300.
Sell from 1.2540.
