FX.co ★ Trading plan 05/18/2018

Trading plan 05/18/2018

The general picture: The range.

The market was balanced. The long-term trend of the fall of the US dollar, which lasted from the spring of 2017, was broken because of the Fed's rate hike and US Treasury yield growth,a s well as, the U.S. Treasury yield growth amid the ECB's refusal to tighten monetary policy.

However, after the dollar strengthened by 4.4%, the market is not ready to buy a dollar with the same activity.

The market is waiting for new impulses from the news, but the news background is very weak.

GBP/USD pair: We trade in the range of the breakout.

We are buying from the level of 1.3630.

We are selling from the level of 1.3440.