Breaking forecast 04/04/2018

Breaking forecast 04/04/2018

EURUSD: A breakout from the range can happen at any time.

So, the most important event of the week was held this night: the US Department of Commerce published a preliminary list of goods from China, which, according to Trump's decree, will be charged with increased duties - there 1, 300 goods duty is 25%, mainly high-tech goods.

What is important? There are time frames - until May 11, the public and business can submit criticism of the proposals - and on May 15 there will be a public debate. This actually means China's invitation to argue (unofficially).

The Chinese Embassy in the United States has already firmly stated that China's retaliatory measures completely offset the profits ($50 billion) that Trump wants to receive from the new duties.

In addition: today will report on employment in the US for March from ADP (12:15 PM London time).

EURUSD: We are waiting for the breakthrough of the range and strong movement limits

Buy from 1.2350, stop at1.2305, the profit is 1.2680.

Sell from 1.2238, stop at 1.2283, the profit is 1.2000.


The material has been provided by InstaForex Company -