There are Still Trading Opportunities Until the End of the Year!
EURUSD – is bouncing from a double bottom region and this area may well be the beginning of the retracement we are talking about in our daily videos. If we break the red resistance line the EURUSD may start to take off to levels as high as 1.0450 – 1.0475 this week.
NZDUSD – I must admit I don’t do a lot of NZDUSD but I could not resist this low. The market is at a weekly channel support at 0.9890/0.6900 levels and this may well be a good opportunity to buy it to follow through the next week. We might see this pair back up at 0.6970 – 0.7040 until the first week of January.
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***Information contained in this news letter are gathered from third parties and should not be regarded in any way as trade advice or recommendations by CM Trading. CM Trading does not recommend or advise traders or investors in their decision making, but merely provides information from the market for its clients as additional information being made available as per the events occurring in the financial markets.
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