FX.co - Trading plan 12/20/2017

20 December 2017 at 8:15AM (UTC+0)

Long-term review

The general picture: the ranges before the news.

Markets will receive the last portion of news on December 21-22 (data on US GDP, inflation).

It is also important what prospects investors see in 2018.

At the moment, there is an opinion that the euro will continue to rise in the first half of 2018 - and we will see a breakthrough of 1.2080 upward.

It looks more interesting to buy at the moment - buy for a breakthrough of 1.1865

For GBPUSD:

The hard range is outlined, there is a sense of playing to break through the boundaries, as seen in the picture below:

Trading plan 12/20/2017

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Jozef Kovach

FX.co ★ Trading plan 12/20/2017