FX.co ★ Burning forecast 01/31/2019

The Federal Reserve's decision came out on Wednesday: Unchanged rates (+2.375% as it was) - and a soft statement text. The Fed said it would be very careful to raise the rate in the future. Some experts were quick to say that the Fed said it would not raise the rate at all - this is not so. The Fed has only made it clear that the rate hike is not at all guaranteed - and will depend on the general state of the economy - and the dynamics of employment, and prices, of course.

The Fed's softness was enough for the euro to increase to 1.1500 on Thursday morning.

This is a confirmation of the growth signal.

We hold purchases from 1.1395 - purchases from kickbacks to the average are possible (on the chart).

At a full turn downwards: Sell from 1.1285.