Trading plan 12/01/2018
The picture: The dollar is ready to decline.
The inflation data in the U.S came out — inflation is below the forecast and it is not growing.
At the same time, data on retail sales came out. There is good growth, although this might be a seasonal effect following the growth of purchases during the holidays.
Probably, there will be an increase in inflation later while the dollar looks like it is ready to fall.
For the euro, the key level is 1.2090. Alternately, the price could go down to the level of 1.1915.
GBP / USD pair
There is uncertainty in the pound whether it would be happy with the exit of Britain from the EU or be upset.
News on the negotiations between the EU and Britain is contradictory.
The pound tries to grow and buying starts from the level of 1.3470.