FOREX FORECAST FOR 19TH OF DECEMBER, 2012. CLICK ON THE CHART TO ENLARGE
Money and Finance

FOREX FORECAST FOR 19TH 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 1.3143.

RECOMENDATION : Buy if the price continue on its upwards trend or rebounce on the support level line 1.3143 with stop loss place a little below the 1.3143 support level and take profit set at 1.3237 and upwards respectively.

Sell if the price break the support level line 1.3143 and is going downwards with your stop loss place a little above the support line 1.3143 and take profit at level 1.3063 and 1.2991 respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital. 






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