Breaking forecast 02/06/2018

Breaking forecast 02/06/2018

"Black Monday" in the US market mixed markets' cards.

On Monday, the main event for the markets was the strongest fall in the US stock market.

The main US indices fell by -4 - 4.5% - a huge drop for one day. Together with the strong fall of Friday, the overall decline is -6 to -6.5%

The Dow fell 1175 points on the day - the strongest fall in points for the day in the history of the index.

The fall of the US market took place at record volumes: 50-60% higher than average volumes on major exchanges. Undoubtedly, February 5, 2018 became a "Black Monday".

This caused a demand for a review of positions in all markets - a strong correction took place - a fall in the euro and pound.

Nevertheless, our positions are the same:

We sell the euro from 1.2330 stop at 1.2375 profit at 1.2200

Buy order at 1.2525 so far but it is possible at the emergence of new closing levels.


The material has been provided by InstaForex Company -