Burning Forecast 03/05/2018

EURUSD: the possibility of buying.

The main event of the week took place on Wednesday- the Fed. The rate was not raised, and the tone of the Fed statement was quite soft - the Fed does not expect a rapid rise in inflation and acceleration of rate hikes.

On this statement, the euro stopped falling.

We are buying the euro for a breakthrough to the top of 1.2035, stop at 1.1990, profit at 1.2135.

In the event of a reversal downwards, sell from 1.1945, target at 1.1890, are possible.