Since this is the last month of the year it will be your last chance to make up for the year but at the same time it can break you out as this month looks quite heavy in terms of macro data and big monetary policy decision across the FX landscape. The seasonality patterns during an environment which looks to be under the influence of mainly the monetary policy as the main driver of FX price can be altered.

Make no mistake about it but both ECB action this week to upgrade their QE program will have indeed some deep reverberations in the FX market which can put the EUR/USD parity level both in focus; and also the Fed last meeting of the year can resurrect the US Dollar bullish trend which for the most part of this year has been lethargic lacking to momentum to follow through the March highs.

Taking all this in consideration make sure you keep an eye on this macro theme and trade accordingly.

Best Regards,
Daytrader21
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