FX.co ★ Burning forecast 26.06.2018

Burning forecast 26.06.2018

Euro: Buy from the rollback.

The dollar continues to decline against the euro in the foreign exchange market. There is no important news - other than the main one: growing tensions on the US - China trade line amid a similar US - EU dispute.

There is an assumption that the recent growth of the euro is associated with the shift of China's financial reserves from dollars to euros - in case of further deterioration of relations.

We buy the euro from a pullback of 1.1655, stop 1.1610, profit 1.1755.

Alternative: Sell from 1.1507.