By looking for the looming news, at this point, speculative interest has priced in that the US Federal Reserve will likely announce a doubling of its bond-buying program tapering. The Fed decided in November that the economy was strong enough to trim financial support, particularly as inflationary pressures remain high. The central bank announced it would reduce the pace by $15 billion a month, $10 billion in Treasuries, and $5 billion in mortgage-backed securities. On the other hand, the European Central Bank has maintained a wait-and-see stance, with President Christine Lagarde noting that a rate hike would be unlikely in 2022.
I expect to see the price continuing to fall for the month of December, we can sell EURUSD now
EUR-USD position 1.12877- 1.12915 sell order Targeting 100 pips 1.11960 - 1.12000 ------------- 1.13380 - 1.13400 sell limit just in case the pairs made some reversal moves in the coming news
Trade attivo
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1.13380 - 1.13400 sell limit has triggered Trade still active