Burning Forecast 01/12/2018
EURUSD: The way up is open.
On Thursday, important data on inflation in the US came out: inflation is below forecasts, and is practically not growing. For the Fed, there is no reason to rush in hiking rates — at least for the time being.
The Euro predictably went upwards.
Keep buying from 1.2020.
The possibility of buying with kickbacks.
Buy for a breakdown of 1.2090 upwards, stop loss at 1.2045, profit on 1.2200.
In case of a full reversal downwards, sell from 1.1915.