FX.co ★ Burning forecast 03.12.2018

Burning forecast 03.12.2018

EURUSD: We are waiting for a breakout range.

At the weekend, the Big 20 Summit was held. It was successful for the markets: the US and China agreed to postpone trade disputes for 90 days and hold new negotiations during this period.

The euro rose slightly in the morning.

There is a clear end of the range:

We are ready to buy the euro from 1.1405, stop 1.1360, target 1.1605.

Alternative: Sell from 1.1265.