FX.co ★ Burning forecast 04/16/2018

Burning forecast 04/16/2018

EURUSD: Waiting for the breakthrough of the range.

Military tension in Syria has decreased. The tension in the US-China trade dispute is not yet in the near term.

Thus, the markets are ready for growth - starting with the US and European markets, where there are attractive prices after a deep correction.

This will also trigger movement in currency pairs.

Strong news on the US economy is not - but it is possible to increase volatility at the time of data on retail sales at 12:30 PM London time.

We expect the euro to rise to a key level of 1.2400, a breakout to the top and the continuation of a strong upward movement.

Buy from 1.2400, stop at 1.2355, profit at1.2680.

Alternative: Sell from 1.2213, stop at 1.2258, profit at 1.2000.