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Burning forecast 04/17/2018

EURUSD: Attempting to start a trend.

News on the US economy came out strong - retail sales accelerated growth. News on China's economy is also positive.

Political tension has receded into the background.

The main US index S & P500 after a strong correction came in plus for the opening of the year.

EURUSD: At the time of writing this review, the euro is trying to rise to an important level of the daily target of 1.2400 and gain a foothold higher. If this happens, then go up to the zone of strong levels 1.2470 - 1.2550 - and this is a high of the year.

If this is the right trend, then the target of the trend movement is 1.2900 - the minimum target is 1.2680

Buy from 1.2400, stop at 1.2355.

Alternative: we sell from 1.2213, stop at 1.2258, profit at 1.2200.

Exchange Rates 17.04.2018 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Dean Leo,
Analytical expert
InstaForex Group © 2007-2019
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