Hi Traders,
the EUR/USD could build a bullish retracement towards 1.14 or 1.15 but the downtrend remains the main expected trade of the month. The GBP/USD is also awaiting a downtrend continuation after the bullish correction is finished.
If you think our videos, analysis, and education can help you become a better trader, then we would certainly appreciate your review on Forex Peace Army or on Trustpilot.
Or ask your own questions via our form and we will answer them in the weekly live webinar every Tuesday.
The EUR/USD needs a bearish breakout candle or bearish bounce at resistance for the downtrend continuation. The main target for the downtrend is the 78.6% Fibonacci retracement level at 1.10.
The GBP/USD main target is aiming at 1.30 and 1.2850 targets.
Check out the video below for the full analysis and trade plans on 13 – 17 Dec 2021:Β
Good trading,
Chris Svorcik
Leave a Reply