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08.12.201709:33 Forex Analysis & Reviews: Burning Forecast 08/12/2017

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Burning Forecast 08/12/2017

EURUSD: Buy with a spread from 1.1815

In the center of attention - the report on employment in the USA today at 12.30 London time

We expect strong data, in this case, it is likely that the euro will continue to move downwards - hold positions for selling, but we can sell only from the rollback.

It is, however, possible to reverse the scenario - in the event of an unexpectedly weak data.

In this case: Buy for a breakdown upwards at 1.1815, stop-loss at 1.1770, target of 1.1915.

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