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Trading plan 31/01/2018

The trading plan 01/31/2018

The general picture: There is a corrective mood in the market.

The long-awaited correction began in the US stock market.

This was triggered perhaps by too rigid statements of Trump addressed to China during the annual speech in Congress. Yet, China is a very important "partner" for the U.S. economy, unlike Russia.

But, this is not an excuse. The correction has developed a very long time.

In the coming days, the market expects a package of critical data, including the decision of the Fed today and the report on employment in the U.S. on Friday.

Sharp movements are possible in both directions.


Purchases are possible from the level of 1.3930.

Sales are possible from the level of 1.4380.


The material has been provided by InstaForex Company -