Trading plan 11/29/2017

Trading plan 11/29/2017

General picture: Many surprises. The pound showed growth.

There were a lot of news, mostly unexpected.

1. Positive for the pound: The EU and Britain settled an agreement on Brexit. The pound is growing, while the euro has declined due to sales of euro pound.

2. North Korea launched a new ballistic missile in the direction of Japan (at night). However, North Korea announced the completion of the creation of nuclear missile forces, which might be a signal for reconciliation.

3. Jerome Powell, the new head of the Fed and will be appointed on February 2018, said in the US Senate that "there is no point in overheating the economy" and added that "we will raise rates." Moreover, the single European currency fell.

4. On November 29, Bitcoin has reached almost 10,500 dollars this morning.

EUR / USD: Range. We go to the breakthrough of the borders to the top 1.1925 and 1.1960, down 1.1710

GBP / USD: Breakout to the top of the long range. Purchases from pullbacks.

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* The presented market analysis is informative and does not constitute a guide to the transaction.

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