The dollar continues to decline against the euro in the foreign exchange market. There is no important news – other than the main one: growing tensions on the US – China trade line amid a similar US – EU dispute.
There is an assumption that the recent growth of the euro is associated with the shift of China’s financial reserves from dollars to euros – in case of further deterioration of relations.
We buy the euro from a pullback of 1.1655, stop 1.1610, profit 1.1755.
Alternative: Sell from 1.1507.
The material has been provided by InstaForex Company – www.instaforex.com
Burning forecast 26.06.2018
Euro: Buy from the rollback.
The dollar continues to decline against the euro in the foreign exchange market. There is no important news – other than the main one: growing tensions on the US – China trade line amid a similar US – EU dispute.
There is an assumption that the recent growth of the euro is associated with the shift of China’s financial reserves from dollars to euros – in case of further deterioration of relations.
We buy the euro from a pullback of 1.1655, stop 1.1610, profit 1.1755.
Alternative: Sell from 1.1507.
The material has been provided by InstaForex Company – www.instaforex.com
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