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.
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