empty
 
 
20.12.2017 09:20 AM
Burning Forecast 20/12/2017

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.

This image is no longer relevant

Dean Leo,
Analytical expert
InstaFintech Group © 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback