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