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FX.co ★ Trading plan for 12/19/2017

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Forex Analysis:::2017-12-19T22:03:03

Trading plan for 12/19/2017

Today, only data from the US will be able to introduce diversity into the market, and it is seen to be negative for the dollar. In particular, the number of building permits is expected to decline by 4.9%, from 1,297, 000 to 1,270,000. In addition, the number of new construction projects may decrease by 3.7%, from 1.29 million to 1.25 million. No other data is expected, so before the release of US statistics, the market will be relatively stable, and then the dollar will begin to lose its positions.

The euro/dollar currency pair returned to the price of 1.1800 after a slight retreat. It is possible to assume that the quotes will be fixed above the level and go to 1.1835, but whether it will manage to go further is not a fact, and as a result can see a wobbling in the range of 1.1775 / 1.1835 (1.1845).

Trading plan for 12/19/2017

The pound/dollar currency pair, similar to the euro, showed a slight decline and returned to its original values again. It is possible to assume that the quotation was aimed at the level of 1.3440, where the next slowdown is possible with the appearance of short positions.

Trading plan for 12/19/2017

Analyst InstaForex
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