FX.co ★ Burning forecast 04/11/2018

Burning forecast 04/11/2018

EURUSD: Look forward to continuing growth.

Today there are important data on the US: CPI inflation will be released at 12:30 PM London time and at 6:00 PM London time in the evening - the report from the last meeting of the Federal Reserve. ("minutes").

Political tension remains the main factor for the markets, but there is some reduction in tension:

"Trade War" Trump - China retreated - after the speech of China's very peace-loving leader Xi Jinping in Boao on Tuesday - U.S. President Donald Trump commented very positively on Xi's speech - and promised successful negotiations on trade with China.

The second source of tension is Syria. On the one hand, Trump promised a military strike on Syria with an ultimatum of 48 hours, and they will expire today. At the same time, despite the blocking of decisions in the United Nations by Russia and the United States (mutually), - there is a decision on the arrival in Syria of experts from the OPCW (Organization for the prohibition of chemical weapons). Unexpectedly: Britain's leader Theresa May demanded more weighty evidence of Syria's use of chemical weapons - as a condition for Britain's participation in a military strike against Syria.

Perhaps, the US attack on Syria will be postponed - and maybe even canceled - depends on the evidence of the use of chemical weapons on April 7 by Syria.

As a result, there is a chance for a calm continuation of the euro's growth.

Buy the EURUSD from 1.2350, stop at 1.2305, profit at 1.2680.

Alternative: Sell from 1.2215, stop at 1.2260, target 1.2000.