FX.co ★ Burning forecast 05/29/2018

Burning forecast 05/29/2018

EURUSD: Under pressure from Italy.

The euro since the beginning of the week has been under pressure of selling after the unsuccessful outcome of the elections in Italy. In Italy - there is a parliamentary crisis, a large number of votes supported populists, Eurosceptics, but they can not form a government - due to insufficient votes. As a result, Italy will hold new elections probably in September. A provisional government is formed until a new election.

Despite the decline in the euro, we refrain from selling - the prices for selling are unattractive.

Buy from 1.1730 stop at 1.1685 profit at 1.1940