Burning Forecast 05/12/2017
EURUSD: Buy for a breakthrough to the high of 1.1940
The main event in the market on Tuesday morning: the US Senate finally approved Trump's law on a significant reduction in business taxes.
This is Trump's first big victory as the president. This is very good for the growth of the US economy - and for the world economy.
The euro will rise following the growth of world markets.
The EURUSD chart has a clear day range of 1.1807 - 1.1940.
Buy for breakthrough of 1.1940 upwards. Stop-loss at 1.1895. The target is 1.2080.
Another option is selling for a breakthrough of 1.1807 downwards.
