Forex Analysis & Reviews: 14.12.2020 - Trading recommendations for...

14.12.2020 11:20 AM

Trading recommendations for GBP/USD and EUR/USD on 12/14/20

Past review of GBP/USD pair

The pound continued to actively decline last Friday. As a result, the quote reached the level of 1.3134.

What was the impetus for the downward interest?

Just like before, speculators move based on information about Brexit's trade negotiations, where there were actively developing news that the UK would eventually leave the European Union without any trade agreements, which naturally scared investors.

Against such a negative information background, the pound was actively losing its positions.

What happened on the trading chart?

Since the beginning of the European session, the British currency began to decline, where the scale reached 185 points by the time of the US session, which is considered a very large price change.

Past review of EUR/USD pair

The Euro showed a downward trend, which is similar to the pound. However, the scale of the decline was insignificant.

What was published on the economic calendar?

The data on producer prices, which recorded an acceleration from 0.5% to 0.8%, was the only data published in the US. The main focus was on the information noise associated with the trade negotiations between England and Brussels.

What happened on the trading chart?

A sharp downward movement was initially observed until around noon, which was followed by a decline in activity. So, the quote hovered within the level of 1.3110, which ended the trading week.

Trading recommendation for GBP/USD on December 14

In terms of the economic calendar, there are no worthy statistics from the UK and the US today, but the market does not need them when there is such a wide information flow related to trade negotiations.

During the weekend, it was reported that the deadline for Brexit negotiations is being shifted in order to still try to reach a trade agreement between Britain and the European Union.

The market reacted positively to this news. As a result, a new trading week opened with the pound rising by about 140 points, and the rate continues to rise.

It can be assumed that market participants will continue to move based on the Brexit information flow, where positive news about trade negotiations will push the pound up, while negative noise will affect it in the form of a slowdown followed by a decline.

Trading recommendation for EUR/USD on December 14

Today, Europe's volume of industrial production is the only data as regards to the economic calendar, where a slowdown in the decline from -6.8% to -4.4% is forecasted. The main focus will be on news regarding trade negotiations between England and Brussels.

As for the market analysis, it can be seen that the trading week began with an increase in the euro's value, where last Friday's entire decline was won back. It can be assumed that if the price is kept above the level of 1.2180, the quote will resume its movement along the medium-term upward trend with the primary coordinates 1.2250.

An alternative scenario considers a slowdown in the range of 1.2160/1.2170, followed by a price rebound towards 1.2100, as it happened in the previous period.

你今天已经点赞上这篇文章了

*这里的市场分析是为了增加您对市场的了解，而不是给出交易的指示。

If you have any content questions, please contact editorial-board@instaforex.com

Trading plan

该作者的更多文章

电子邮件订阅

EURUSD

Euro vs US Dollar

选择时间框架

分钟

小时

天

周

开始交易

通过InstaForex赚取加密货币汇率变动的收益。

下载MetaTrader 4并开启您的第一笔交易。

推荐文章

6月16日GBP/USD交易建議及分析：英鎊未受到美元阻力

2023年6月16日EUR/USD交易建議與分析：週一會否再掀風暴？

GBP/USD：6月13日美國交易時段的交易計劃（早盤交易回顧）

歐元/美元：6月13日美國交易時段的交易計劃（上午交易回顧）

如何在6月13日交易GBP/USD貨幣對？新手簡單交易技巧和分析

如何在6月13日交易歐元/美元對？初學者的簡單提示和交易分析

6月13日英鎊/美元交易建議和分析：疲弱的GDP數據破壞了英鎊的前景。

歐元/美元6月13日交易建議和分析：特朗普警告提高關稅

如何在6月12日交易英鎊/美元貨幣對？初學者的簡單提示和交易分析

如何在6月12日交易EUR/USD貨幣對？新手簡單技巧和交易分析