Burning forecast 04/10/2018

Burning forecast 04/10/2018

EURUSD: there is a down trend signal.

On the night of Wednesday to Thursday at an inopportune time for strong movements, the EUR/USD rate broke down (on the second attempt) the strong resistance level of 1.1500 and consolidated below.

Technically, this is a strong signal to move down.

The first goal is the lows of the year at 1.1300.

An alternative option is a turn up and in case of growth above 1.1625 - return to the range - and then an attempt to grow to 1.1800 and above.

We keep selling euros from 1.1503, stop 1.1548, target of 1.1300.

Alternative: buy from 1.1800 when breaking up.

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