Source: Forex Analysis
Trading plan 14.02.2018
The overall picture: The market is waiting for data on inflation in the US.
The second week without important news is on the market. The direction of the movement is not very clear. There is an old trend against the dollar. But there are always doubts. Can it be enough already?
Against this background, the inflation data is especially important, which will be released today at 13:30 London time.
My forecast: The data will show the growth of inflation, the dollar will sharply strengthen.
Therefore, fix the profit on the purchase of the euro and wait for the news without positions.
For the euro, there are strong levels of the daily order: to the top 1.2520; down 1.2205.
Pound: I’m waiting for the pound to rise, but there is a possibility of a new strong pullback before growth. We buy from kickbacks.
The material has been provided by InstaForex Company – www.instaforex.com