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Burning forecast 09.07.2018

The euro continues to grow.

Last week, the euro broke through an important level of 1.1725 and was consolidated higher – this is a strong technical signal for growth.

The euro’s growth may be caused by some easing of tension in the US trade conflict – China after the first exchange of blows – new negotiations are possible. In addition, markets do not react until the fall in the trade conflict.

We are buying the euro from 1.1725, stop 1.1680, profit 1.1825.

Alternative: We sell the euro from 1.1525.

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

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