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18.06.201808:15 Forex Analysis & Reviews: Trading plan 06/18/2018

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Trading plan 06/18/2018

General picture: General uncertainty.

Several problems of the world economy and politics at the same time:

Trade conflict along the Trump lines - the EU and Canada; Trump - China - the acute phase of the crisis is scheduled for July.

Conflict in the government Merkel and Merkel-party CDU: The issue of receiving migrants in Germany can split the government - a period of two weeks.

Conflict within OPEC - Saudi Arabia plans to increase oil supplies - Iran objects. Oil is falling.

New week: There are no important news. At the same time on Monday, the ECB forum opens in Portugal (18:30 local time Draghi's speech) - this can trigger a move on the euro.

We expect a new wave of decline of the European currency against the dollar.

GBPUSD: Selling from 1.3209

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