FX.co ★ Burning forecast 05.12.2018

Burning forecast 05.12.2018

EURUSD: a turn in the direction of the dollar.

On Tuesday, the market made a sharp turn in the direction of the dollar: in the morning, the breakout to the top of the important level of 1.1405 - but then a sharp turn and a strong fall to 1.1320

At the moment, a continuation downwards appears more likely.

We are ready to sell the euro from 1.1304, stop 1.1349, target 1.1104.

Alternative: Buy from 1.1420.