Burning forecast 04.12.2019 EURUSD

The Brexit subject moves away from the market's main annoyances. Brexit is postponed until the end of October.

The Fed and the ECB took a soft stand - we do not expect a rate hike until the end of the year.

EURUSD: The technical picture shows a possible upward trend - the first target is 1.1450, then a breakthrough to the top and a target of 1.2000

We keep buying from 1.1250

Alternative: Sell from 1.1175


The material has been provided by InstaForex Company - www.instaforex.com

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