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

By | January 31, 2020
InstaForex
Evening review for EURUSD n 01/31/2020. The euro is trying to grow - the question about the level of 1

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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 market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Sam Alan,
Analytical expert
InstaForex Group © 2007-2020

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