Breaking forecast 02/05/2018

Breaking forecast 02/05/2018

EURUSD: Prepare for an upward impulse

On Friday, a report on employment in the US was published:

The number of new jobs is + 200, 000, higher than the forecast.

Unemployment stood at 4.1% - unemployment at the lowest levels since 2007.

Before this, the Fed issued a statement on the state of the US economy, which increased its attention on inflation.

In general, the news was in favor of the dollar - except for a strong decline in the US stock market on Friday -2% - but there the correction was brewing a very long time.

Nevertheless, the euro fell slightly.

We still expect the euro to continue to rising.

Buy for the breakthrough 1.2525, stop at 1.2480, target is 1.2640.

Alternative: Sell at the break down of 1.2330.


The material has been provided by InstaForex Company -