Trade plan 18 – 12/22/2017
General picture: The final movement of the year.
The main events of December took place. First, there were meetings of the Federal Reserve and the ECB. The Fed was not surprised for the rate hiked by 0.25% and the promised of 0.25% increase by 2-3 times in 2018.
The ECB was disappointed the market without changing the policy, the markets were waiting for an increase in the euro rate.
Nevertheless, the market did not reacted with a strong movement.
It is assumed that the “last strong movement of the year” will still take place, along with the euro as well.
For EUR/USD: Traders should buy at the break above 1.1865.Traders can sell at the break of 1.1715 down.
GBP / USD:
The pound failed to keep up and returned to the range.
Traders should buy after the breakout to the top 1.3380.
* 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.
Performed by Sam Alan,
InstaForex Group © 2007-2017
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