Breaking Forecast 06/12/2017

Breaking Forecast 06/12/2017

EURUSD: Trade for the breakthrough of the range boundaries.

The latest news on the US economy came out strong. The markets particularly liked Trump's law on reducing taxes on business.

In the Forex market, this led to a slight strengthening of the dollar - during daytime, the euro reached the level of 1.1807 downwards, but rebounded upwards and traded above, around 1.1835

Trade for the breakthrough of the range boundaries:

Sell for a breakthrough of 1.1799 downwards - with a target of 1.1610.

Alternative - buy for breakthrough at 1.1880 upwards - with the target of 1.2080.

Stop-loss of 45 points in 4 characters (example - from 1.1700 to 1.1800 - 100 points).

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