Burning forecast 05/16/2018
EURUSD: Selling is more likely.
On Tuesday, May 15, the euro rate fell sharply and updated an important minimum of 1.1820
There were no strong news.
The main reason is the growth of yield on US government bonds above 3%. The largest bond fund PIMCO predicts that the yield of 10-year US dollars will be in the range of 3-3.5%
Potentially looks like a new decline of the euro.
Sell from 1.1814, stop at 1.1860, the profit is 1.1700.
Alternative: Buy from 1.2000.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.