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[QUOTE="Antony_NPBFX, post: 189026, member: 38727"] [SIZE=5][B]EUR/USD: euro is near record highs 16.12.2020[/B][/SIZE] Good afternoon, dear forum visitors! [URL=https://www.tb.marketinstructor.com/?referer1=earnforex.com]NPBFX[/URL] offers the latest release of analytics on EUR/USD for a better understanding of the current market situation and more efficient trading. [B]Current trend [/B] Today during the Asian session, the EUR/USD pair is growing slightly, gradually returning to the previous record highs around 1.2174. USD weakens amid optimism about COVID-19 vaccinations, actively starting around the world. The process may begin in the US soon, as the Food and Drug Administration (FDA) recently approved the use of Pfizer and BioNTech vaccines. Yesterday, it became known that the FDA is preparing to publish the results of the third phase of clinical trials of the vaccine from Moderna, which can also be interpreted as the first step towards its approval for emergency use in the country. Meanwhile, the epidemiological situation in the US remains difficult. Earlier, the mayor of New York expressed the idea of returning the city to a full-fledged quarantine in response to a sharp increase in the case number. On Wednesday, European investors are focused on the block of macroeconomic statistics on business activity in Germany and the EU. Analysts predict the data to be poor, so there is no expectation of noticeable growth in the single currency. [B]Support and resistance [/B] On the daily chart, Bollinger bands actively grow. The price range narrows, indicating the emergence of flat dynamics in the short term. MACD grows but keeps a sell signal (the histogram is below the signal line). Stochastic grows but rapidly approaches its highs, indicating that EUR may become overbought in the ultra-short term. Resistance levels: 1.2200, 1.2243, 1.2270, 1.2300. Support levels: 1.2150, 1.2087, 1.2039, 1.2000. [img]http://businesspr-finance.com/wp-content/uploads/2020/12/EURUSD161220-33.jpg[/img] [img]http://businesspr-finance.com/wp-content/uploads/2020/12/EURUSD161220-333.jpg[/img] [B]Trading tips [/B] Long positions may be opened after the breakout of 1.2200 with the target at 1.2300. Stop loss – 1.2150. Implementation period: 2–3 days. Short positions may be opened after the breakdown of 1.2087 with the target at 1.2000. Stop loss – 1.2150. [B]Use more opportunities of the NPBFX analytical portal: economic indicators [/B] Regular monitoring of global economic indicators plays an important role in trading, because of their strong influence on FOREX market and possibility to provoke significant price fluctuations. For the convenience of traders the "Education" section on the NPBFX portal contains the most popular and significant world economic indices with a detailed description, their possible impact on the economy and exchange rates (GDP, consumer price index, unemployment rate, Nonfarm Payrolls (NFP), etc.). If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist. Use the current recommendations of analysts on EUR/USD and trade efficiently with [URL=https://my.npbfx.com/register/?utm_campaign=register&utm_medium=forumpost&utm_source=earnforex.com]NPBFX[/URL]. [/QUOTE]
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