FX.co ★ Burning forecast 05/16/2018

Burning forecast 05/16/2018

EURUSD: We trade the range.

There are no strong news on the market - a period of calm: the previous big news has been played, the new ones have not yet emerged.

In accordance with this picture, the euro has stopped the decline against the dollar - perhaps only temporarily, but the growth has not yet been achieved. Range.

The boundaries of the range are now clearly visible: 1.1820 and 1.2000.

Buy from 1.1995, stop at 1.1950, the profit at 1.2100.

Sell from 1.1820, stop at 1.1865, profit at 1.1720.