FX.co ★ Burning Forecast 05/24/2018

Burning Forecast 05/24/2018

EURUSD: We are waiting for a strong upward rebound.

On Wednesday, May 23, the Fed issued a report from the last meeting. Analysts now estimate almost a 100% likelihood of a rate hike at the next meeting of the Fed on June 13. However, this fact could not give the dollar a new impetus for growth. The dollar is trying to grow, but success is minimal. This indicates the need for a strong pullback in the dollar, if not a reversal.

Buy the euro from 1.1835, stop 1.1790, profit 1.2000.

There is no right level for selling the euro yet.