The news that came out on Tuesday regarding the US economy came out in favor of the dollar. The consumer optimism index came out at 131, above the forecast, and orders for durable goods showed a good growth of + 2.4%, higher than the forecast as well. However though, orders for transport decreased by 0.1%.
This evening, the Fed is the major economic event of the week; however, there's still the issue of the new epidemic flu in China, where, over the past days, have counted 25 new deaths. Overall, 132 people have died already.
Markets are monitoring the situation in China.
EUR/USD: Euro is slowly declining.
Keep selling from 1.1084.
Selling is possible from a rebound to the top, or from 1.1050 and above.
The signal for the cancellation of the downward movement is the level of 1.1110.
The material has been provided by InstaForex Company - www.instaforex.com