Burning forecast 10/11/2017

Burning forecast 10/11/2017

EURUSD: There is a buy signal.

There are still no important news on the market.

On Thursday, following three days of uncertainty, the market signaled an increase in the EURUSD pair:

An important level of 1.1625 was pushed upwards. Sellers made a powerful attack on the euro within the next hour after the breakdown, attempting to lower the price below 1.1600. However, the decline was promptly regained, and its price closed the day near its highs for the day and the week.

Therefore, buying appears more appealing.

We are buying the euro from 1.1625 - and in case of a breakthrough, we buy at 1.1690 for breakdown.

Stop-loss at 1.1580.

Goals - from 1.1840 and above.

Alternative: Selling for a breakthrough at 1.1550 downwards.


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