Breaking forecast 10/18/2017

Breaking forecast 10/18/2017

EURUSD: We are preparing a breakout of the range for the Fed.

On Tuesday, trading on the market was calm in the absence of strong news.

Recommendations for trading are the same - wait for the release of EURUSD from the range and preparing inputs for a breakthrough. The output looks more likely to be lower, below 1.1668 - but a breakthrough is possible above the level of 1.1880.

Wednesday at 6:00 pm London Time, the report on the US economy by the Fed Beige Book will be released. As always, the report is published 14 days before the Fed meeting. The market is waiting for a strong report, indicating a gradual increase in inflation.

The euro is pressured by the expectation of a new wave of the Catalonia-Madrid crisis on Thursday - the deadline for an ultimatum, presented by the Spanish authorities in Catalonia.

Buy for the breakthrough of 1.1820 and for breakthrough 1.1880.

Sell from 1.1780 and on the breakthrough of 1.1668.

Stop-loss is 45 points. The target of the transaction is not less than 100 points.

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The material has been provided by InstaForex Company - www.instaforex.com