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Technical Outlook December 27, 2017

27 December 2017
27_12_2017_eur.jpg
 The currency pair fluctuated in a 300 pips range yesterday as the volatility was very low. There is no important data today and we expect no price bursts. However, European banks start to work today after long holidays and major market participants may increase the volatility. However, we expect the fluctuations to remain calm and limited for the whole week.
There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair went upwards last week contrary to our expectations, which was due to the upcoming Christmas holidays. We think that EUR/USD is likely to develop its downside tendency in the next couple of days.
There is no trend on the Hourly chart as the MA-channel is neutral and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.
27_12_2017_gbp.jpg
The currency pair fluctuated in a limited range yesterday. American market participants returned from the holidays, but they failed to provide enough liquidity and volumes in order to increase volatility. It is hard to take decisions in such conditions and we give no recommendations. There are no important events today.

There is the uptrend on the Weekly chart as the price is above the MA55 balance line. The currency pair fluctuated in both directions within a limited range last week. We think that GBP/USD is likely to stay within this limited range in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.

27_12_2017_aud.jpg

The currency pair started to develop its upside tendency yesterday and continued to go upwards today. We can see that there is the uptrend currently. This could offer a good opportunity to open long positions. However, fluctuations are week and the volatility is low. It is better to do nothing today. There are no important events today that are able to shake the markets.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair continued its growth last week contrary to our expectations. We think that AUD/USD is likely to develop its upside tendency or to stay within the range for the next couple of days.

There is the uptrend on the Hourly chart as the MA-channel goes upwards and the price is above the MA55 balance line. We advise to avoid trading today as the situation is unclear.

27_12_2017_chf.jpg

The currency pair fluctuated in a limited range as the other assets yesterday. There were no reasons to open positions. The currency pair is in neutral position now and it is better to avoid doing anything. There are no important events today and we think that the volatility remains low.

There is no trend on the Weekly chart as the price is close to the MA55 balance line. The currency pair declined last week contrary to our expectations. We think that USD/CHF Is likely to develop its both sides fluctuations in the next couple of days.

There is no trend on the Hourly chart as the MA-channel is neutral and the price is close to the MA55 balance line. We advise to avoid trading today as the situation is unclear.


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