Breaking Forecast 09.29.2017
EURUSD - the range.
Strong data on the US - perplexingly, stopped the decline in the euro.
New data came out on GDP - the latest update showed GDP growth of + 3.1%.
Inflation is still low at + 1%.
Corporate profits are growing + 7.1% per year.
Thus, the EURUSD rate goes into the range.
Today, 09.29.2017, important data on inflation: within the data on income/expenditure - an inflation index for the consumer basket of the Fed.
Buy from 1.1710.
Buy from 1.1840.
EURUSD - the range.
Sell from 1.1840
