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15.12.201709:45 Forex Analysis & Reviews: Trading plan 12/15/2017

Long-term review
This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Trading plan 12/15/2017

The overall picture: Euro received a strong blow.

On Thursday, the decision of the ECB was issued. The ECB left the policy unchanged - and this disappointed the euro.

Euro fully retreated from growth on the decision of the Fed and closed the day with a strong fall.

On Friday morning, the continued fall of the euro is more likely. Sell the euro in case of a breakout of 1.1715 down.

GBPUSD

The pound is still looking up; buy with a pullback from 1.3380 or lower target of 1.3550.

Exchange Rates 15.12.2017 analysis

Jozef Kovach
Analytical expert of InstaForex
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