Trading plan 12/13/2017

Trading plan 12/13/2017

The general picture: Markets are waiting for the Fed and the ECB.

Today at 22.00 - the decision of the Fed about interest rate will increase by + 0.25% with a probability of 99%.

Tomorrow at 15.45 - the decision of the ECB could have surprises. In particular, the increase in the deposit rate for banks from the current level minus 0.4 percent.

The Euro is ready for a strong move. It is possible to play for a breakdown or up to level 1.1815 or down to level 1.1712.

Important! At 1:30 PM London time, an inflation report will be published in the US. The movement can start at 1:30 PM London time.

GBP/USD: We buy from the rollback 1.3320 with the target of 1.3550.

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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