Burning Forecast 05/12/2017

Burning Forecast 05/12/2017

EURUSD: Buy for a breakthrough to the high of 1.1940

The main event in the market on Tuesday morning: the US Senate finally approved Trump's law on a significant reduction in business taxes.

This is Trump's first big victory as the president. This is very good for the growth of the US economy - and for the world economy.

The euro will rise following the growth of world markets.

The EURUSD chart has a clear day range of 1.1807 - 1.1940.

Buy for breakthrough of 1.1940 upwards. Stop-loss at 1.1895. The target is 1.2080.

Another option is selling for a breakthrough of 1.1807 downwards.