Burning forecast 10.04.2017

Burning forecast 10.04.2017

EURUSD: Buying looks preferable.

On Tuesday, euro sellers and dollar buyers suffered a severe loss. Neither the crisis of Catalonia - Spain, nor the strongest data on the US economy helped to maintain the EURUSD rate below the level of 1.1700.

Selling closed on the stop-loss (at the break-even point 1.1770).

Now, euro buying look more preferable.

At the same time, there is a fairly narrow range within the limits of 1.1695 - 1.1835 - and significant data ahead.

Particularly today the report on employment in the US from the ADP agency will be relesed- a strong decline in new jobs is expected - this should influence the euro to rise.

Prepare to enter the breakthrough of the range boundaries - upward- buy above 1.1835 - or downward- sell below 1.1695.

Place orders as on the chart below. Stoploss 45 points, profit 100 points (in 4 digits).

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The material has been provided by InstaForex Company - www.instaforex.com