Burning Forecast 04/27/2018
EURUSD: The downward trend is not canceled.
On Thursday, ECB head Draghi tried to support the euro. He even managed to do it slightly - the euro jumped back up to 1.2209 - on Draghi's promises that in the next few quarters the economy of the Eurozone will show strong growth. However, what Draghi did was enough for about an hour.
The euro powerfully broke through the lows and closed the day around 1.2100.
The trend is downward. Sell from 1.2160, the target is 1.2000, the stop is 1.2210.
Full Cancellation at 1.2250.
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