FX.co ★ Burning Forecast 18/12/2017

Burning Forecast 18/12/2017

EURUSD: Trade for a breakout of the range.

The latest most important news - the decisions of the Fed and the ECB - have not yet resulted in strong movements. Nevertheless, the euro out of the range will happen very soon.

We have clear order levels for entering the breakout of the range boundaries, both in the case of upward and downward movement.

Presumably, the output will take place in the coming days, but if not - that is, there is strong news on the US on Friday - orders for durable goods.

Therefore:

Buy in the event of a breakdown upwards from 1.1865, stop-loss at 1.1820, target of 1.2080.

Sell in the breakdown downwards of 1.1715, stop-loss at 1.1760, target of 1.1515.