Evening review for EURUSD n 01/31/2020. The euro is trying to grow – the question about the level of 1.1100

The data on inflation in the United States (the PCE index +0.3%) is slightly higher than the forecast. While inflation (core) is kept at about 1.6% per annum. The Fed does not require intervention.

The euro is trying to grow today. It is not yet clear whether it is a reversal up or just a technical pullback.

The key to determining the issue will be the level of 1.1100.

If the euro is fixed above 1.1100, it is a reversal up.

We keep purchases from 1.1110.

We keep sales from 1.0990.

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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