empty
 
 
11.06.2018 11:31 PM
Burning forecast 06/11/2018

Burning forecast 06/11/2018

EURUSD: The growth continues.

At the opening of the week, the euro moved to last week's highs around 1.1840.

The reason was the positive news from Italy: the new Minister of Finance (from the populists who won the election) gave assurances that the new Italian government does not intend to go out and leave the euro, and will do everything necessary to stay in euros.

The G-7 summit in Canada is a complete failure. Of course, because of the new import duties on steel and aluminum, introduced by President Donald Trump.

However, this did not cause the euro to fall.

Ahead are the two main events of the week - the Fed and the ECB (June 13 and 14). The market is betting on the ECB's statements about a big turn to tightening monetary policy.

Buy the euro from 1.1745, stop 1.1700, target 1.1945.

Alternative: Sell from 1.1650.

This image is no longer relevant

Dean Leo,
Analytical expert
InstaFintech Group © 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $9000 more!
    In May we raffle $9000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback