FX.co ★ Burning forecast 05/16/2018

Burning forecast 05/16/2018

EURUSD: Selling is more likely.

On Tuesday, May 15, the euro rate fell sharply and updated an important minimum of 1.1820

There were no strong news.

The main reason is the growth of yield on US government bonds above 3%. The largest bond fund PIMCO predicts that the yield of 10-year US dollars will be in the range of 3-3.5%

Potentially looks like a new decline of the euro.

Sell from 1.1814, stop at 1.1860, the profit is 1.1700.

Alternative: Buy from 1.2000.