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FX.co ★ Evening review for EURUSD n 01/31/2020. The euro is trying to grow - the question about the level of 1.1100

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Forex Analysis:::2020-01-31T14:01:51

Evening review for EURUSD n 01/31/2020. The euro is trying to grow - the question about the level of 1.1100

Evening review for EURUSD n 01/31/2020. The euro is trying to grow - the question about the level of 1.1100

The data on inflation in the United States (the PCE index +0.3%) is slightly higher than the forecast. While inflation (core) is kept at about 1.6% per annum. The Fed does not require intervention.

The euro is trying to grow today. It is not yet clear whether it is a reversal up or just a technical pullback.

The key to determining the issue will be the level of 1.1100.

If the euro is fixed above 1.1100, it is a reversal up.

We keep purchases from 1.1110.

We keep sales from 1.0990.

Analyst InstaForex
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