Breaking Forecast 11/01/2017
Waiting for the decline of EURUSD.
A day of important news. There is probably a strong movement.
Today on Wednesday, November 1, at 11:15 AM London time, a report on employment in the US for October from the private agency ADP will be released. A strong result is expected, a gain of up to 300, 000.
This can significantly support the dollar.
The main event of the day — in the evening at 5:00 PM London time — the decision of the Federal Reserve on Monetary Policy. We expect some strengthening of the Fed’s attention to inflation, which will support the dollar.
In addition, at 1:00 PM London, time there will be a report on industrial production in the US in October — the ISM index (industrial) -which is also expected to show strong data.
So for EURUSD:
Sell from the area of 1.1660 — 1.1700.
It is also possible to sell for a breakthrough down 1.1574.