Burning forecast 5/17/2018

Burning forecast 5/17/2018

EURUSD: The market turns to growth.

The main theme remains the growth of yields on US government bonds. Ten-year US government securities reached a profitability of 3.1% — the yield of 30-year securities is also growing. This, on the one hand, attracts investors — amidst a clear stagnation in the US stock market — on the other hand, it pushes the Fed to take on new rate hikes.

However, the growth of the dollar meets strong resistance: On Wednesday, the euro rate broke down a significant level of 1.1820 — and declined to 1.1760 — but could not continue its decline — and holds above 1.1800.

The market is considering the possibility of euro growth.

Buy the euro with a breakout of 1.2000 up, stop at 1.1955, profit at 1.2100.

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