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FX.co ★ Burning forecast 01/02/2019

Burning forecast 01/02/2019

EURUSD: The momentum from the Federal Reserve was not enough for the euro to exit the long range. Faced with strong resistance - a long-term downtrend line at the level of 1.1500 - the euro broke through to 1.1515 - but failed to consolidate higher.

We are waiting for a momentum from the employment data for January on Friday, February 1, at 0:30 pm London time.

If the data comes out weak - we expect a breakthrough to the top 1.1515 - buy from 1.1515.

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In the case of a turn downwards sell from 1.1285.

Burning forecast 01/02/2019

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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