Burning forecast 19.06.2018

EURUSD is ready for a new fall.

There is no important economic news. But there is an increase in political tension: Trump is preparing new tariffs on goods from China - the second batch, already at $200 billion (the first batch of $50 billion) - this will come into force if China introduces retaliation for the first package of duties.

Merkel's government in a serious crisis: Merkel's allies from the CSU party demanded from Merkel a change in the policy of admission of migrants - a demand in the form of an ultimatum, the term for Merkel is 2 weeks. There is not a very small chance that we will see early elections in Germany.

So far, according to the tested scenario, the tension plays in favor of the US dollar.

We are ready to sell the euro with a break below 1.1540: Sell from 1.1540, stop 1.1585, profit 1.1440.

Alternative: Buying from 1.1855.