Trading plan 05/02/2018

Trading plan 05.02.2018

The general picture: A week without important news.

The main news in the beginning of the year came out: the Fed and the ECB held meetings and the monetary policy was determined until March.

There was a report from the U.S. on employment indicating the U.S. economy is doing well.

The question: what will the market for the next month? Either it will continue to lower the dollar or it will stop and wait for the increase in the rates for the dollar.

I suppose that the market will try to organize a new movement against the dollar.

British pound:

I am waiting for the pound to rise.

Buy the pound on a strong decline from the level of 1.3930.


The material has been provided by InstaForex Company -