FOREX FORECAST FOR 18TH OF DECEMBER, 2012. CLICK ON THE CHART TO ENLARGE
Money and Finance

FOREX FORECAST FOR 18TH OF DECEMBER, 2012. CLICK ON THE CHART TO ENLARGE


Today on the 1 hour chart, the EUR/GBP 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 rebounce on the support level line 0.8112.

RECOMENDATION : Buy if the price rebounce on the support level line 0.8112 with stop loss place a little below the 0.8112 support level and take profit set at 0.8150 and upwards respectively.

Sell if the price break the support level line 0.8112 and is going downwards with your stop loss place a little above the support line 0.8112 and take profit at level 0.8089 and 0.8061 respectively. Please always use your MACD to time your entry point. And risk only 3% of your capital. 






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