logo

FX.co ★ The trading plan for the European session on December 26 is EUR / USD and GBP / USD

The trading plan for the European session on December 26 is EUR / USD and GBP / USD

EUR / USD

To open long positions for EURUSD, you need:

It is recommended to consider new purchases only after fixing above 1.1876 with the goal of updating the 1.1899 level and reaching the weekly highs near 1.1932, where it is recommended fixing the profit. In case of a decline in the euro in the morning, new long positions can be seen on the rebound from the level of 1.1845 or immediately after the renewal of 1.1818 with the main goal of returning to the middle of the channel 1.1850.

To open short positions for EURUSD, you need:

The formation of a false breakout and the failure to consolidate above 1.1876 would be a good signal for opening short positions in the EUR / USD pair with a prospect to decline to the level of 1.1845 and further access to a more important range of support at 1.1818, where it is recommended fixing profits. The main target of the major sellers will be the update of 1.1792. If the euro rises above 1.1876 in the morning, you can go back to sales after testing the 1.1899 or a rebound from 1.1932.

The trading plan for the European session on December 26 is EUR / USD and GBP / USD

GBP / USD

To open long positions for GBPUSD, you need:

Only a break and consolidation above the level of 1.3392 will allow buyers to count on a larger upward trend with an update of 1.3417 and a breakthrough to a new weekly high near 1.3447, where I recommend fixing profits. If the pound drops below 1.3362, new long positions can be considered to rebound from 1.3335 or lower, from the lower border of the channel 1.3302.

To open short positions for GBPUSD, you need:

False breakdown of 1.3392, or consolidation below 1.3362 will be a good signal for the opening of short positions in the pound with the update 1.3335 and reaching the monthly lows around 1.3302, where it is recommended fixing profits. In case of growth above 1.3392, you can look for short positions for a rebound from 1.3417 or after updating 1.3447.

The trading plan for the European session on December 26 is EUR / USD and GBP / USD

Fears of indicators

  • MA (average sliding) 50 days - yellow
  • MA (average sliding) 30 days - green
  • MACD: fast EMA 12, slow EMA 26, SMA 9
  • Bollinger Bands 20

To familiarize with the basic concepts and the general rules of my TS is possible here.

* The presented market analysis is informative and does not constitute a guide to the transaction.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
Go to the articles list Go to this author's articles Open trading account