Burning forecast 10.03.2017

EURUSD: Sales. Purchases are premature.

The EURUSD exchange rate continues to be under pressure.

Reasons: The crisis in Spain because of the referendum on the independence of Catalonia, which took place on October 1, is the worst political and civil conflict in Spain in the last 40 years, since the fall of Francisco Franco.

The second reason for the fall of the euro is strong data on the US economy - this raises the question of tightening the Fed's policy on the dollar. So, yesterday came an important index of business activity in the US industry - ISM index for September - above the forecast of +60.

Hold selling from 1.1770 - the first target is 1.1660.

If you do not have positions - selling EURUSD is recommended from 1.1715 - or higher, for example from 1.1750.

The signal of cancellation of selling is the growth of the euro above 1.1800.

In case of a complete reversal, buy from 1.1835.