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Tuesday, December 15, 2015

Forex trading plan for December 16

EUR / USD test the higher levels, but the buyer is stopped by the 100 day MA (1, 1060). German ZEW economic sentiment rose above expectations. Note the European PMIs at 08: 00-09: 00 GMT. Support is at the level of 1.0950, 1.0915 / 00, 1.0880 and 1.0800. Above the 1.1060 level we note the 1.1115 level.

USD / JPY tested levels above the 121.35 level. Staunchly below will open the way up to the level of 121.85 / 122. Support is at the level of 120.60 and 120.00.

GBP / USD rose after the US CPI, but still limited by the resistance at level 1.5200 / 40/80. Britain will release labor market data at 09:30 GMT. Focus on the average earnings index as related to inflation and inflation, in turn, determine the policy of the Bank of England. Predictions are negative. Support is at the level of 1.5100, 1.5050 and 1.4950

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