Source: Forex Analysis
Trading plan 12/02/2018
The general picture: The market is waiting for an impulse.
Last week, the markets were completely engaged in a correction in the US stock market. However, on Friday, at the close of the week, the US market showed a strong rebound to the top, which is likely to indicate the end of the fall.
Thus, it is very likely that the foreign exchange market will return to dollar sales.
Important news: In the absence of practically important news in the week, there will be a report on inflation in the US on Wednesday. After hinting the Fed on a possible increase in inflation, it is these data that can move the market.
The euro is squeezed in the narrow range of 1.2205 – 1.2300. There is a practical sense to try to play at the breakdown of these levels. Stop 45 pp. Profit 100 pp.
Pound: Despite the local decline, we expect growth.
We are buying from 1.3780.
The material has been provided by InstaForex Company – www.instaforex.com