Burning forecast 04/17/2018

Source: Forex Analysis

Burning forecast 04/17/2018

EURUSD: Attempting to start a trend.

News on the US economy came out strong – retail sales accelerated growth. News on China’s economy is also positive.

Political tension has receded into the background.

The main US index S & P500 after a strong correction came in plus for the opening of the year.

EURUSD: At the time of writing this review, the euro is trying to rise to an important level of the daily target of 1.2400 and gain a foothold higher. If this happens, then go up to the zone of strong levels 1.2470 – 1.2550 – and this is a high of the year.

If this is the right trend, then the target of the trend movement is 1.2900 – the minimum target is 1.2680

Buy from 1.2400, stop at 1.2355.

Alternative: we sell from 1.2213, stop at 1.2258, profit at 1.2200.

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