FX.co - Burning forecast 05/21/2018

2018-05-21T07:41:06

Long-term review

EURUSD: Keep selling, but be ready for a turn.

The euro exchange rate in the morning updated the lows last week.

We keep selling from 1.1760 with the target of 1.1660, but we minimize the risk - stops in break-even.

In the case of a reversal, prepare to buy from 1.1850.

So: Selling from 1.1760 or higher.

Buying from 1.1850, stop 1.1805, the target is 1.2000.

Burning forecast 05/21/2018

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ Burning forecast 05/21/2018