2017

Posted On 15 Dec 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.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Breaking forecast 12/15/2017

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