For Traders

Analytical Reviews

Hot forecast

18.05.201808:35 Forex Analysis & Reviews: Burning forecast 05/18/2018

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.

EURUSD: Trade at breakout of the range.

The euro chart has formed a range within the limits of 1.1760 - 1.2000

There are no strong expected news. China moved to meet Trump on the issue of trade disputes - proposing to reduce the US trade deficit by increasing China's imports by $ 200 billion a year. This is a significant easing of tension.

In Europe, the potential risk is the new government of Italy - where the euro-skeptics came to power. Yet we must understand that Italy will not be able to cope with its huge national debt in the event of an attempt to withdraw from the EU - the conflict is possible but end in a compromise.

Buy the the euro from 1.2000 stop at 1.1955 profit at 1.2100

Sell euro from 1.1760 stop at 1.1805 profit at1.1660

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.