14.05.201909:46 Forex Analysis & Reviews: Burning forecast EURUSD 05/14/2019

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No important news in the calendar. From the unplanned: New mutual shots in the US-China trade war. Recall: last Friday, Trump raised duties on $ 200 billion-worth of goods from China from 10% to 25%. Yesterday, on Monday, May 13, China responded by announcing that from June 1, it would raise duties on $60 billion-worth of goods from the US. In response to this, the US Department of Commerce announced that it has prepared a new list of goods worth $300 billion from China and it would to raise duties from 10% to 25%. Trump said that he demanded China to not respond to US measures - and said that he would meet with Xi Jing Ping in June at a meeting of the big 20 to address trade issues.

EURUSD: The rate is still being held within the beginning of the upward movement - but everything will be decided in the next day or two. The key level of 1.1270 - if the euro passes it and consolidates above - an upward trend is very likely.

On the contrary, the euro's fall to 1.1280 and below - a return to the range and the possibility of going down.

We are ready to buy from 1.1270

We are ready to sell from 1.1130

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