Last minute burning forecast 07.11.2017

Last minute burning forecast 07.11.2017

EURUSD: We earn on the break of the range.

Strong data on employment in the US, released on Friday, could not force the euro to continue its decline against the dollar. At the same time, the euro is around the bottom of the local range, which provides a chance to accelerate the decline.

On the other hand, overcoming the zone of 1.1650 - 1.1690 - provides a chance of a new wave of rate growth in the EURUSD pair.

We can make money by breaking through the limits of the range at 1.1574-1.1690.

Place orders for a breakthrough:

buy stop 1.1690

sell stop 1.1574

Immediately fix the stop-loss orders at a rate of 45 points and take-profit 100 points (points are written in 4 characters - example - from 1.1690 to 1.1790 - 100 points).

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