Burning Forecast 01/10/2018

Burning Forecast 01/10/2018

EURUSD: Range

There were strong data on the economy of Germany and the eurozone - production and sales, everything is growing faster than forecast. This stopped the fall of the euro, which began with the first days of the new year 2018.

Thus, two trends crossed: The growth of the euro, which dominated in the spring of 2017, and the decline of the current year. The market chooses a direction.

Range. The current top is 1.2090, the current bottom is 1.1814.

Trade for the breakthrough of boundary: Buy for the breakthrough 1.2090, Sell from 1.1814.

Most likely, we will see the formation of a new lower boundary until the end of this week.

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