Breaking Forecast 09.29.2017

Breaking Forecast 09.29.2017

EURUSD - the range.

Strong data on the US - perplexingly, stopped the decline in the euro.

New data came out on GDP - the latest update showed GDP growth of + 3.1%.

Inflation is still low at + 1%.

Corporate profits are growing + 7.1% per year.

Thus, the EURUSD rate goes into the range.

Today, 09.29.2017, important data on inflation: within the data on income/expenditure - an inflation index for the consumer basket of the Fed.

Buy from 1.1710.

Buy from 1.1840.

EURUSD - the range.

Sell from 1.1840


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