Trading plan 01/13 EURUSD: New growth attempt

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EURUSD is trying to start a new wave of growth - after turning upward on Friday on the Nonfarms data.

The US employment report was not bad, +145K - but slightly below forecasts. This was enough for the euro to turn up.

According to the calendar, the new week is almost empty - on Tuesday the CPI inflation report will be released - CPI, the Beige Book Fed report on Wednesday - but in general, super-important news is not yet visible.

Possible purchases from 1.1100 with a stop below 1.1080 - or purchases for a breakthrough at 1.1205.

Cancellation of growth - a break below 1.1080.

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