FX.co ★ Burning forecast 04/24/2018

Burning forecast 04/24/2018

EURUSD: The downward trend.

In recent days, strong signals have been received for the trend down the euro: a break below the daily level of 1.2295 and consolidation below, breaking down at the weekly level of 1.2213.

Now a corrective rebound is possible upward, up to 1.2260 - but then it is likely to continue downward.

The euro falls on information about the ECB's unpreparedness to announce the completion of a program of injecting liquidity into the market.

The decision of the ECB will be released on Thursday, April 26.

Sell the euro from 1.2260, stop at 1.2305, the profit is 1.2000.