FX.co ★ Burning forecast 07/05/2018

Burning forecast 07/05/2018

We buy the Euro when the range breaks.

There are no strong new data. Markets are waiting for the introduction of duties on the US-China line on both sides.

Euro at 6:00 AM London time breaks the level of the daily order up.

In the afternoon important data on employment in the US for June will appear - a report from ADP Employment at 15.15 Moscow time, in the evening at 2:00 PM London time the report on the ISM service index, late in the evening "minutes" of the Fed at 6:00 PM London time

However, the market is likely to move based on the technical picture.

Buy the euro from 1.1695 stop 1.1650 target 1.1850

Alternative: Sell from 1.1525