Breaking forecast 02/27/2018
EURUSD: Trade at breakdown.
In recent days, there has been a very strong consolidation in EURUSD: the rate is strained in a narrow range of 1.2255 - 1.2360.
Events in the euro market last day only confirmed the relevance of these levels.
Today starts a series of important news, which will continue on Wednesday and Thursday.
Today, February 27, orders for durable goods in the US at 12:30 London time will be published, and at 12:00 London time in Congress, the new head of the Federal Reserve, Jerome Powell, will deliver a report on the economy.
This can give an impulse to the market, but the movement can start earlier.
More likely, an upward movement can be considered - at 1.2560, but also prepare for a downward movement:
Buy for the breakthrough 1.2360, stop at 1.2315, profit at 1.2560.
Sell at 1.2255, stop at 1.2300, profit at 1.2100.
