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17.04.201809:30 Forex Analysis & Reviews: Burning forecast 04/17/2018

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

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.

Exchange Rates 17.04.2018 analysis

Dean Leo
Analytical expert of InstaForex
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