FX.co ★ Burning Forecast 21/12/2017

Burning Forecast 21/12/2017

EURUSD: Buy from the rollback.

On Wednesday, the euro exchange rate gave a new signal for growth: it broke through an important level of an order of 1.1865, closing the day higher.

Despite a strong pullback from 1.1900, we look forward to a continuation of growth:

Buy from the rollback from 1.1865, stop-loss at 1.1820, profit of 1.1965.

On Thursday, a report on US GDP at 12.30 London time will be released, this may warm up the market.

An alternative option is selling for a breakthrough downwards at 1.1735.