FX.co ★ Burning forecast 06/13/2018

Burning forecast 06/13/2018

EURUSD: Waiting for strong movement.

On Tuesday, new data on inflation in the US came out: According to the CPI, inflation in annual terms rose sharply to + 2.8%

Nevertheless, this is a general inflation - together with fuel prices and food. Without taking into account these components - inflation rose to + 2.2%

Attention to inflation is especially high today - in the evening at 6:00 PM London time the decision of the Fed will come out - everyone is waiting for the rate increase

Recall that tomorrow - the decision of the ECB

We are waiting for the euro to exit the local range and strong movement

Sell euro from 1.1725 stop at 1.1770 target 1.1525

Buy from 1.1840 stop 1.1795 profit 1.2000