The euro was on the growth trend in the final days of 2017. A break above 1.1900 and the consolidation above this level is a strong signal for growth.
At the moment, the course is testing the next important resistance of 1.1960 – and, if successful, a target of 1.2080 – a peak of the year.
Purchases are possible, but we must bear in mind that on the first trading day of January, and generally during the first week, there is a high probability of strong gaps and sudden unpredictable movements.
Therefore, we are buying the euro from 1.1900.
Merry Christmas and Happy New Year!
The material has been provided by InstaForex Company – www.instaforex.com
Burning Forecast 29/12/2017
EURUSD: Buy from kickbacks.
The euro was on the growth trend in the final days of 2017. A break above 1.1900 and the consolidation above this level is a strong signal for growth.
At the moment, the course is testing the next important resistance of 1.1960 – and, if successful, a target of 1.2080 – a peak of the year.
Purchases are possible, but we must bear in mind that on the first trading day of January, and generally during the first week, there is a high probability of strong gaps and sudden unpredictable movements.
Therefore, we are buying the euro from 1.1900.
Merry Christmas and Happy New Year!
The material has been provided by InstaForex Company – www.instaforex.com
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