FOREX FORECAST FOR 12TH OF DECEMBER, 2012. CLICK ON THE CHART TO ENLARGE
Money and Finance

FOREX FORECAST FOR 12TH OF DECEMBER, 2012. CLICK ON THE CHART TO ENLARGE


Today on the 1 hour chart, the EUR/USD is trending upwards. But we are going to pay attention at the level marked with thick black line (which will be our Pivot Point). Currently the market is moving upwards and we are expecting it to continue on its upwards trend or rebounce on the support level line 1.2952.

RECOMENDATION : Buy if the price continue on its upwards trend or rebounce on the support level line 1.2952 with stop loss place a little below the 1.2952 support level and take profit set at 1.3042 and 1.3087 respectively.

Sell if the price break the support level line 1.2952 and is going downwards with your stop loss place a little above the 1.2952 the support line 1.2952 and take profit at level 1.2880 and downwards respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital. 






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