FX.co ★ Burning forecast 06/08/2018

Burning forecast 06/08/2018

Trump, duties, the Big Seven.

Today in Canada, an important meeting of the G-7 will begin. The main issue is the new import duties in the US for steel and aluminum, which Trump is ready to introduce against his allies and partners - Europe, Canada, Mexico, and China. These countries are ready to introduce retaliatory measures against imports from the United States if they fail to find a compromise with President Donald Trump. This topic will be the main one for the markets today and on Monday.

We believe that the euro's growth will continue after the correction.

Buying the euro from 1.1745, stop at 1.1700, profit at 1.1945.

Alternative: Sell from 1.1650.