FX.co ★ Burning Forecast 20/12/2017

Burning Forecast 20/12/2017

EURUSD: Buy from 1.1865 with a breakout towards the top.

There are no notable events in the market: Therefore, we do not see strong movements in major currencies.

The news will be released on December 21 and 22 - the last notable news ahead of the Christmas holidays.

The decisive factor may be the technical point - in which currency investors decide to leave money for long holidays - in dollars or euros.

We see increasingly important range boundaries.

Buy on the breakthrough of 1.1865 towards the top, stop-loss at 1.1820, profit at 1.1960 - or 1.2080.

Sell for the breakthrough of 1.1715 downwards, stop-loss at 1.1760, target of 1.1515.