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Trading plan on EUR/USD for December 17, 2019. The Euro keeps growing.

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Following the British pound, the euro rose on several events:

1. Strong victory for the Conservatives in Britain and clear Brexit prospects

2. Positive conclusion of the Trump-China trade deal (phase 1)

3. Fed’s soft stance on rates

However, the market went to the correction since the strength of the euro buyers was not enough to consolidate above 1.1200

Nevertheless, growth is not broken.

EUR/USD

We are waiting for a new hike to 1.1200 and consolidation above this level.

Keep purchasing at 1.1035

Possible purchases with a breakthrough at 1.1200 and up

The material has been provided by InstaForex Company - www.instaforex.com
via Trading plan on EUR/USD for December 17, 2019. The Euro keeps growing.
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