FX.co ★ Burning forecast 06/05/2018

Burning forecast 06/05/2018

EURUSD: Trade out of the range.

The main event for the markets remains trade tension along the lines of the US - Europe, the US - China - as U.S. President Donald Trump seems to be determined to introduce new tariffs for imports into the US, despite the resistance of the major partners.

Everything will be decided at the summit of the heads of the G-7 countries on Friday, June 8.

EURUSD formed consolidation, and it is possible to exit up and down.

Buy from 1.1745, stop at 1.1700, the profit is 1.1845.

Sell from 1.1615, stop at 1.1660, the profit is 1.1515.