Burning Forecast 14/12/2017
EURUSD: A strong buy signal.
On Wednesday, the Federal Reserve decided on the rates: The main rate on the dollar was raised +0.25% to the range of 1.00 – 1.50% (as everyone expected).
The forecast on US economic growth was raised. The forecast of the Fed – the rate in 2018 will increase no more than 3 times by +0.25%. What is important? Market reaction.
On these strong, as a whole, US data – the euro sharply turned to growth, breaking the highs of the current week at 1.1815.
This is a strong signal for growth.
Buy from 1.1815, the stop-loss is 1.1770. Objectives: 1.1915 – 1.1940 – 1.2080.
Take note: Today at 11.45 London time, the decision of the ECB on rates, at 16.30 – speech of the head of the ECB Draghi.
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