Forex Trading Alert originally sent to subscribers on December 31, 2015, 5:35 AM.
Yesterday, EUR/USD moved little lower as Tuesday’s solid consumer confidence data continued to support the greenback. Thanks to these circumstances, the probability of further declines increased as the bearish formation is underway. What impact could it have on the exchange rate in the coming days?
In our opinion the following forex trading positions are justified – summary:
- EUR/USD: short (stop-loss order at 1.1363; initial downside target at 1.0462)
- GBP/USD: none
- USD/JPY: none
- USD/CAD: none
- USD/CHF: none
- AUD/USD: none