Thoughts on the Forex market for 12/8/2023

Hello. Below are several recommendations for trading on the Forex market on December 8, 2023


On the EURUSD pair we reached the level of 1.0755 and formed the Rails pattern. Tomorrow on the Nonfarm Payrolls news feed and hopefully we'll have a good run. I think you can take a closer look at shopping here. I would really like to see the mileage at least in FVG 1.0912, and then look at the situation and make further decisions. The target for sales remains below, this is the level of 1.0694, this is a backup option for tomorrow.


The GBPUSD pair also has something similar to the Rails pattern. They did not go down to the level of 1.2505 and returned to FVG. Which puts us in a double situation. I would like to see continued growth and take the highs of 1.2746 and 1.2818, and perhaps we will give impetus to this movement tomorrow. An alternative scenario for sales is taking the level of 1.2505.

Like this post? Please share to your friends:
Leave a Reply