FX.co ★ Trading plan 12/22/2017

General picture: It is the last active day before Christmas. On Friday, the markets will hold the last day of active trading before Christmas which is on December 25th, Monday, and the markets are closed during the holiday.

On Friday, data on orders for durable goods in the US and more importantly, inflation by the RFE index (by consumption basket) will be released at 12.30 London time.

A new wave of growth of the euro against the dollar is expected but the closure of the markets for the long weekend can give unexpected results.

Buying is advised after a breakout above the level of 1.1900.

GBP / USD pair

The British pound continues to form a hard range: trade for breakout levels as shown in the chart below.