Monday, February 5, 2018

Market analysis ahead of the US session for 2018-02-05

Despite the sharp fluctuations in the markets before the closing last Friday, our outlook for the dollar remains negative over the medium and long term, and our outlook remains positive for the Euro over the medium and long term.
Therefore, we recommend taking advantage of the emergency pullbacks to enter into long positions on EUR /USD , GBP / USD, EUR / JPY
Targets for EURUSD remain around 1.3 levels
GBP targets remain around 1.5 levels
Euro JPY targets remain around 140 levels
We will be cautious during the trading day waiting for the speech of Mario Draghi while we will wait for trading opportunities that may appear before the announcement of British data and interest rates on the British pound mid of the week
We will come back with a full analysis with the usual recommendations tomorrow morning after the market trends are confirmed


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