Burning Forecast 01/31/2018
EURUSD: trade for a breakthrough.
Today, the main event of the week is the decision of the Federal Reserve on Monetary Policy, at 18.00 London time.
There may be surprises: the Fed's tougher statement on inflation could cause a strong strengthening of the dollar (correctional, but strong).
We prepare an order for the breakthrough of the local range for the euro:
We buy from 1.2455, stop at 1.2410, the target is 1.2540.
Sell from 1.2330, stop at 1.2375, the target is 1.2230.
