empty
 
 
20.04.2018 10:12 AM
Burning forecast 04/20/2018

Burning forecast 04/20/2018

EURUSD: Trade at the breakout of the range.

The overall picture of the market confused the pound. The euro seemed to be ready to finally come out of the range. And at this point the head of the Bank of England Mark Carney states that the interest rate will probably not be increased. The reason is that inflation data came out below forecasts.

The pound declined sharply within three days. Together with the pound, the Australian dollar fell. And they were able to stop the growth of the euro.

Nevertheless, the euro range has not yet been broken. In the moment, a breakthrough downward looks more likely now.

Sell for the breakthrough of 1.2295, stop at 1.2340, profit at 1.2000.

Alternative: buy for the breakthrough of 1.2415, stop at 1.2370, profit at 1.2680.

This image is no longer relevant

Dean Leo,
Analytical expert
InstaFintech Group © 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback