empty
 
 
15.12.2017 09:25 AM
Breaking forecast 12/15/2017

Breaking forecast 12/15/2017

EURUSD is ready for a strong fall.

On Thursday, the second most important event of the week was held and the last important one this year: the ECB's decision on monetary policy. The ECB disappointed euro buyers. The ECB did not change anything in the policy of the ECB - the volume of liquidity injections into the markets will be halved in January, the rate is unchanged 0%, on deposits at -0.4%.

Immediately after the decision of the ECB, the euro began to fall, accelerating to 1.1770. Growth is disrupted.

On H4 chart and the daily chart is clearly visible figure head and shoulders - a key level of 1.1715 - a break below 1.1700 will lead to a strong decline of the euro up to 1.1500 and 1.1400.

Sell euros for the breakthrough 1.1715 down, stop-loss 1.1760, target 1.1515.

Reserve option: buy for a breakthrough of 1.1865 and up.

This image is no longer relevant

Dean Leo,
Analytical expert
InstaFintech Group © 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In April we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback