FX.co ★ Burning Forecast 29/12/2017

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!