Burning forecast 06/11/2018

Burning forecast 06/11/2018

EURUSD: The growth continues.

At the opening of the week, the euro moved to last week’s highs around 1.1840.

The reason was the positive news from Italy: the new Minister of Finance (from the populists who won the election) gave assurances that the new Italian government does not intend to go out and leave the euro, and will do everything necessary to stay in euros.

The G-7 summit in Canada is a complete failure. Of course, because of the new import duties on steel and aluminum, introduced by President Donald Trump.

However, this did not cause the euro to fall.

Ahead are the two main events of the week – the Fed and the ECB (June 13 and 14). The market is betting on the ECB’s statements about a big turn to tightening monetary policy.

Buy the euro from 1.1745, stop 1.1700, target 1.1945.

Alternative: Sell from 1.1650.

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