FX.co ★ Burning Forecast 06/21/2018

Burning Forecast 06/21/2018

EURUSD: Preparing a breakthrough of the range.

There are no important news in the calendar. Several news of the second level of importance will be released at 12.30 GMT and 14.00 GMT (news on the US economy) - perhaps it will revive the market. Markets are also waiting for the entry into force on 22 June of retaliatory tariffs on goods from the United States, declared by the EU - in response to Trump's imposed duties on steel and aluminum. Europe's largest automakers offer Trump a compromise on duties on vehicles: to remove ALL duties on car supplies by the US and the EU among themselves - now the duty on the import of cars from the US to the EU are 10%, in the US 2.5%. Trump put forwards these fees as the reason for duties on steel and aluminum for the EU. There are negotiations.

The euro is in a narrow range.

Sell from 1.1525, stop 1.1570, profit 1.1425.

Alternative: Buy from 1.1645, stop 1.1600, profit 1.1845.