Burning forecast 04/16/2018
EURUSD: Waiting for the breakthrough of the range.
Military tension in Syria has decreased. The tension in the US-China trade dispute is not yet in the near term.
Thus, the markets are ready for growth — starting with the US and European markets, where there are attractive prices after a deep correction.
This will also trigger movement in currency pairs.
Strong news on the US economy is not — but it is possible to increase volatility at the time of data on retail sales at 12:30 PM London time.
We expect the euro to rise to a key level of 1.2400, a breakout to the top and the continuation of a strong upward movement.
Buy from 1.2400, stop at 1.2355, profit at1.2680.
Alternative: Sell from 1.2213, stop at 1.2258, profit at 1.2000.