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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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Burning forecast EURUSD 05/16/2019

On Wednesday, the euro came under pressure from sales. However, by the end of the day, the euro showed an optimistic turn upwards - and buyers had a chance to see the movement again at last.

Perhaps, the data package on the US economy — all data came out frankly weak — from retail sales to industrial production — was provided.

We keep buying from 1.1220, and stop at 1.1175 became even more reasonable.

Possible purchases are from 1.1270.

In the case of a turn downwards, we sell from 1.1130

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