Source: Forex Analysis
Breaking forecast 02/12/2018
EURUSD: We are looking forward to a breakthrough.
The calendar has almost no news. There is no development that is significant. Some recovery might be brought by inflation data to the US, which will be released on Wednesday 14 February.
The turmoil in the markets caused by the rapid correction in the US stock market last week ended is believed to have reached its end.
The market is returning to the previous direction.
We expect the euro to grow.
Buy for the breakthrough of 1.2300, stop at 1.2255, profit at 1.2400.
Alternative: sell from 1.2205, stop at 1.2250, profit at 1.2100.
The material has been provided by InstaForex Company – www.instaforex.com