Burning forecast 06/14/2018
EURUSD is ready for growth.
On Wednesday, the Fed raised the rate by + 0.25%, to 1.875%. Moreover, the Fed promised to raise the rate more actively in the next period – now experts expect two more rate hikes by the end of the year at least.
Despite this, attempt to turn the Euro down ended in a failure- the euro, reaching a key low at 1.1725, swiftly turned to growth and kept near the breakout level to the top of 1.1825.
Today at 11:45 AM London time – the decision of the ECB, the press conference of the head of the ECB Mario Draghi at 12:30 PM London time.
The market is ready for growth.
Buy the euro from 1.1825, stop at 1.1780, the profit is 1.2000.
Alternative: Sell from 1.1725.
The material has been provided by InstaForex Company – www.instaforex.com