Burning Forecast 19/12/2017
EURUSD: Trade for a breakout of the range.
Monday did not bring important news to the market. Important news is expected on Thursday-Friday (data on the US economy and inflation).
Currencies predictably form ranges before the movement begins.
Trade on Monday fully confirmed the actual range limits - we are preparing for a breakout.
EURUSD:
Buy at a breakthrough to the top of 1.1865, stop-loss at 1.1825, targets of 1.1960 and further towards 1.2080.
Or:
Sell at a breakthrough of 1.1715, downwards stop-loss at 1.1760, target of 1.1515.
