EUR/USD and GBP/USD Forecast December 13, 2017

The EUR/USD pair has been very noisy over the last several sessions, and it looks as if we are settling down between the 1.17 level on the bottom, and the 1.18 level on the top. We have the Federal Reserve releasing an interest rate decision today, and of course a statement that follows, and this will be followed with great interest as people will be looking to see if the Federal Reserve is looking hawkish, or dovish. This will greatly influence where this market goes next. On a daily close above the 1.18 level, I am a buyer of this market, just as I would be a seller below the 1.17 handle. The market will present a clear trading signal after today from what I expect, so I am going to be very cautious, but I’m going to follow whatever direction we break out. for more analysis: http://www.dailyforex.com