Burning forecast 05/11/2018
EURUSD: Trade out of the range.
On Thursday, data on inflation in the US came out: inflation is growing, but very moderately. The euro rose on news, giving a signal to stop the downward trend.
Formed a local range within the boundaries of 1.1820 - 1.1950.
Potential breakthrough of 1.1950 upward with the target of 1.2050.
Buy the euro from 1.1950, stop at 1.1905, profit at 1.2050.
Alternative: Sell from 1.1820, stop at 1.1865, profit at 1.1720.
