FOREX FORECAST FOR 13TH OF DECEMBER, 2012. CLICK ON THE CHART TO ENLARGE
Money and Finance

FOREX FORECAST FOR 13TH 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 blue 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 1.3027.

RECOMENDATION : Buy if the price continue on its upwards trend or rebounce on the support level line 1.3027 with stop loss place a little below the 1.3027 support level and take profit set at 1.3092 and 1.3120 respectively.

Sell if the price break the support level line 1.3027 and is going downwards with your stop loss place a little above the support line 1.3027 and take profit at level 1.2934 and downwards respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital. 






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