Breaking forecast 04/06/2018
EURUSD: We are waiting for movement on the US employment report.
The main event of the last days - the "Trump Trade War - China" - is still taking a back seat. The US administration said on Thursday it was in high-level talks to find a compromise in the matter of balancing the trade deficit with China. Senior US officials from the Ministry of Finance and Trade Department are involved in the negotiations. The issue will be resolved within 60 days.
The markets have so far put off the issue of the "trade war", believing that there will be no worse option.
On the agenda - the report on US employment for March today April 6 at 12:30 PM London time. We expect strong data.
We sell the euro from 1.2215, stop at 1.2260, the profit is 1.2000.
Alternative: Buy on the breakthrough 1.2350, stop at 1.2305, profit at 1.2680.
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