For Traders

Analytical Reviews

Hot forecast

22.05.201809:07 Forex Analysis & Reviews: Burning forecast 05/22/2018

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 05/22/2018

EURUSD: Preparing for an upward breakthrough.

There are no important news that can cause a new trend in the markets. In addition to oil growth, Brent crude almost reached the level of $80 per barrel, for the first time since 2014. The reasons are aggravation of US-Iran relations (and the possibility of imposing a ban on the purchase of Iranian oil) - plus possible US sanctions against Venezuela (related to the elections in Venezuela).

Otherwise, the market is quiet - perhaps the driver will be the Fed's minutes, which will be released on May 23.

The Euro is preparing for a further breakthrough of the range.

Buy the euro from 1.1850 stop at 1.1805 target 1.2000

Alternative: Sell euro from 1.1715 stop 1.1760 target 1.1615

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.