Find out how to trade EUR/USD and USD/JPY ahead of the CB consumer confidence release!
Tag - usd
EUR/USD keeps trading with volatility but in a small range. There’s a very strong support level at 1.1310 (200-week MA).
The level of American CB consumer confidence will be published on December 27, at 17:00 MT time.
There is not so many news due to the Christmas celebrations, but some of the majors were affected. Read the news to find out the key to your trading.
Everyone wants to know what to expect in the New Year…
Trade signals on December 26
On the daily chart of USD/CHF, the return of the pair towards the resistance near the parity level (1.00), will push the pair towards the targets of the 5-0, "Wolfe Waves" and AB=CD patterns.
On the daily chart of USD/JPY, bears managed to reverse the uptrend due to the implementation of the "Three Indians" and "Spike and Ledge" patterns' combination.
On the daily chart of GBP/USD, bulls try to push the pair back within the triangle's borders and implement the "Wolfe Waves" pattern.
On the daily chart of USD/CAD, bulls managed to reach the 127.2% and 88.6% targets of the AB=CD and "Bat" patterns.
On Wednesday, the evergreen buck slumped versus most of its counterparts, suppressed by a mixture of downbeat factors including heightened fears over a partial American government shutdown as well as tension between the White House and the country’s key…
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