FX.co - Burning forecast 04.12.2018

2018-12-04T07:08:35

Long-term review

EURUSD: An attempt at growth.

On Monday, a very strong report on US industrial production for November was released. The markets took this as a signal for growth.

The dollar turned to decline, but the key levels have not yet been tested.

We are ready to buy at a break above 1.1405, stop 1.1360, target 1.1605.

Alternative: Sell from 1.1304 and 1.1265.

Burning forecast 04.12.2018

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Dean Leo

FX.co ★ Burning forecast 04.12.2018