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FX.co ★ Trading plan on EUR/USD for December 27, 2019

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Forex Analysis:::2019-12-27T06:43:30

Trading plan on EUR/USD for December 27, 2019

 Trading plan on EUR/USD for December 27, 2019

The market remains very thin as most of the inhabitants of the West are celebrating the Christmas holidays.

There is also almost no news. The US market showed new highs on the first day of trading after Christmas, however, I still believe that the US market expects a strong correction in January.

Nevertheless, the first movements after Christmas are very interesting, because they can show us the mood of the market without significant participation of speculative interest.

EUR/USD: the sellers' attack on euro has ran out. There was no attempt to break down the important levels of 1.1065 and 1.1035.

On the contrary, the euro broke through the resistance at 1.1100.

Further purchases are possible at a break of 1.1200 and up.

Alternative: in the case of a downward reversal, sell from 1.1065.

Analyst InstaForex
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