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16.05.201910:18 Forex Analysis & Reviews: Burning forecast EURUSD 05/16/2019

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On Wednesday, the euro came under pressure from sales. However, by the end of the day, the euro showed an optimistic turn upwards - and buyers had a chance to see the movement again at last.

Perhaps, the data package on the US economy — all data came out frankly weak — from retail sales to industrial production — was provided.

We keep buying from 1.1220, and stop at 1.1175 became even more reasonable.

Possible purchases are from 1.1270.

In the case of a turn downwards, we sell from 1.1130

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