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EUR/USD Forecast on December 10, 2025

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On Tuesday, the EUR/USD pair rebounded from the resistance level of 1.1645–1.1656 and showed a slight decline. As of Wednesday morning, the quotes once again returned to this zone. A fresh rebound from it will again work in favor of the U.S. dollar and lead to a decline toward the support level of 1.1594–1.1607. A consolidation of the pair above this zone will increase the likelihood of further growth toward the next Fibonacci level of 38.2% at 1.1718.

The wave structure on the hourly chart remains simple and clear. The last completed downward wave did not break the low of the previous wave, while the last upward wave (still forming) broke the previous high. Thus, the trend has officially shifted to bullish. It is still difficult to call it a strong trend, but in recent months the bulls have demonstrated only one thing — their weakness. The Fed's monetary easing should give them additional strength, as the ECB does not intend to lower interest rates in the near future.

On Tuesday, traders might have expected more active movements in the pair, but their hopes were once again dashed. Despite a fairly attractive news background, EUR/USD again did not consider it necessary to move actively. Market activity recently has been the main problem for traders, as it is extremely low. As a result, movements are weak and chart levels are being poorly tested. Returning to the news background, the U.S. released the JOLTS and ADP reports. While the ADP report can be overlooked, the JOLTS report showed higher values than expected. Bears reacted to this report and the dollar rose slightly, but it provided no real benefit, since today the pair has already returned back to the 1.1645–1.1656 level. It is worth recalling that the FOMC meeting will take place in the evening, and the market may already be pricing it in. A decision to ease monetary policy is beyond doubt; all that remains is to wait for official confirmation.

On the 4-hour chart, the pair returned to the resistance level of 1.1649–1.1680. A rebound from this zone will again work in favor of the U.S. dollar and lead to a decline toward the 38.2% Fibonacci level at 1.1538. A consolidation above the resistance zone of 1.1649–1.1680 will increase the likelihood of continued growth toward the next corrective level of 0.0% at 1.1829. No emerging divergences are observed today on any indicator. The bullish trend has every chance of resuming.

Commitments of Traders (COT) report:

During the last reporting week, professional traders opened 5,893 long positions and 10,312 short positions. COT reports have resumed after the shutdown, but for now only outdated data is being published — for October. Sentiment in the "Non-commercial" group remains bullish thanks to Donald Trump and continues to strengthen over time. The total number of long positions held by speculators is now 250,000, while the number of short positions is 143,000.

For thirty-three consecutive weeks, large players were reducing short positions and increasing long positions. Donald Trump's policies remain the most influential factor for traders, as they may create numerous problems that could have long-term and structural consequences for America. Despite the signing of several important trade agreements, analysts fear a recession in the U.S. economy, as well as a loss of Fed independence under Trump's pressure and in light of Jerome Powell's resignation scheduled for May next year.

News calendar for the U.S. and the Eurozone:

• Eurozone — Speech by ECB President Christine Lagarde (07:00 UTC).
• U.S. — FOMC monetary policy decision (19:00 UTC).
• U.S. — FOMC economic projections (19:00 UTC).
• U.S. — Jerome Powell's press conference (19:30 UTC).

The economic events calendar for December 10 contains four entries, three of which have "mega-important" status. The influence of the news background on market sentiment on Wednesday evening may be very strong.

EUR/USD forecast and trader recommendations:

Short positions in the pair are possible today upon a rebound from the 1.1645–1.1656 level on the hourly chart with a target of 1.1594–1.1607. Long positions may be opened with a target of 1.1718 if the pair closes above the 1.1645–1.1656 level.

Fibonacci grids are drawn from 1.1392–1.1919 on the hourly chart and from 1.1066–1.1829 on the 4-hour chart.

The material has been provided by InstaForex Company - www.instaforex.com.

GBP/USD Forecast on December 10, 2025

.On the hourly chart, the GBP/USD pair on Tuesday bounced off the resistance level of 1.3352–1.3362, above which it failed to close after three attempts. By Wednesday evening, the pair fell to the 61.8% retracement level at 1.3294, and the rebound from this level this morning worked in favor of the pound and initiated growth toward 1.3352–1.3362. A consolidation of the pound's quotes above this zone today is highly likely, which will allow traders to expect growth toward the 1.3425 level.

The wave structure has shifted into a "bullish" configuration. The last completed upward wave broke the previous high, while the last downward wave failed to break the previous low. Thus, at this time the trend remains bullish. The news background for the pound has been weak in recent weeks, but the bears have fully priced it in, and the news background in the U.S. also leaves much to be desired. It is difficult for the bulls to continue their attacks, but their position is now better than that of the bears. The "bullish" trend can be considered complete only below the 1.3186 level.

On Tuesday, the information background did not inspire most traders to be active, although in my opinion the JOLTS reports for September and October deserved attention. However, the market interpreted them as dollar-buying signals — but even that did not help the dollar. Its growth in recent days has been minimal, and today the U.S. currency risks losing quite a lot over the course of the day. In the evening, the final FOMC meeting of the year will be held, and I believe there will be no intrigue this time. The FOMC will decide to ease monetary policy, as it effectively has no other options. Most likely, Jerome Powell will take a dovish stance, and the dot-plot charts will show strengthened dovish sentiment within the Committee for 2026–2027. The changes compared with the previous version of the chart may be modest, but even that should be enough for the U.S. dollar to resume its decline.

On the 4-hour chart, the pair consolidated above the descending trend channel, above the 1.3118–1.3140 level, and rose toward the 1.3339 level. A rebound from this level will work in favor of the U.S. dollar and a decline toward 1.3140. A consolidation of the pair above 1.3339 will allow expectations of further growth toward the 100.0% Fibonacci level at 1.3435. No emerging divergences are observed today.

Commitments of Traders (COT) report:

The sentiment among the "Non-commercial" category of traders became less bullish over the latest reporting week, but this reporting week was one and a half months ago — October 28. The number of long positions held by speculators increased by 7,052, while short positions increased by 10,539. The gap between long and short positions currently stands at approximately 82,000 vs. 102,000. However, these figures reflect the situation in mid-October. The picture may now be very different.

In my view, the pound still looks less "dangerous" than the dollar. In the short term, the U.S. currency enjoys some demand on the market, but I believe this is temporary. Donald Trump's policies have led to a sharp decline in the labor market, and the Federal Reserve is forced to ease monetary policy to stop rising unemployment and stimulate job creation. Therefore, while the Bank of England may lower rates one more time, the FOMC may continue easing throughout 2026. The dollar significantly weakened over the course of 2025, and 2026 may be no better.

News calendar for the U.S. and the U.K.:

• U.S. – FOMC monetary policy decision (19:00 UTC).
• U.S. – FOMC economic projections (19:00 UTC).
• U.S. – Jerome Powell's press conference (19:30 UTC).

The economic calendar for December 10 includes three mega-important entries. The influence of the news background on market sentiment Wednesday evening will be very strong.

GBP/USD forecast and trader recommendations:

Short positions in the pair could be opened on a rebound from the resistance level of 1.3352–1.3362 on the hourly chart with a target of 1.3294. This target has been reached. Long positions can be opened on a rebound from 1.3294 on the hourly chart with a target of 1.3352–1.3362. These trades can be kept open today. A close above this zone will allow holding positions with a target of 1.3425.

Fibonacci grids are drawn from 1.3470–1.3010 on the hourly chart and from 1.3431–1.2104 on the 4-hour chart.

The material has been provided by InstaForex Company - www.instaforex.com.

Today the U.S. Fed will cut interest rates for the third time in a row

.The U.S. dollar remains under pressure amid expectations that representatives of the Federal Reserve of the United States will today carry out their third consecutive interest-rate cut. However, many economists believe that the Fed may go into a wait-and-see mode after this cut — something that will be announced at the press conference following the meeting. Concerns over persistent inflation have led to a deep split within the central bank, which will likely prevent the Fed Chair Jerome Powell from announcing any further steps at the beginning of next year.

Such a turn of events may have a serious impact on the dollar exchange rate. Lowering interest rates usually weakens a currency — because it makes assets denominated in that currency less attractive to investors. However, if the Fed truly shifts to a more cautious stance, that could stabilize the dollar or even lead to its strengthening.

At the same time, the split inside the Fed over inflation and the labor market is adding uncertainty to the currency market. If some members of the Federal Open Market Committee continue to insist on a stricter policy, that could put pressure on Powell and limit his ability to ease further. That, in turn, could lead to unpredictable swings in the dollar in the short term. Therefore, traders should pay close attention to Powell's statements at the press conference to get a sense of the Fed's future plans. It is important to watch how he assesses the current inflation situation and which signals he gives regarding future monetary policy.

After two rate cuts this autumn and a total of 1.5 percentage points over the past 15 months, each further cut brings the Fed's base rate closer to a level that might stimulate economic activity — something many officials are trying to avoid. Several policymakers believe they have already reached a neutral rate, which neither stimulates nor restricts growth. Opposing opinions about how restrictive the Fed's rates actually are will likely lead to yet another division of views.

Powell's task of reaching a consensus will be even more difficult in the absence of new economic data — a consequence of the government shutdown that lasted all of October and much of November. Official labor-market data for November will be published only on December 16, and inflation data two days later. That leaves the Fed in a position where it has to balance on a fine line.

As for the current technical picture for EUR/USD, buyers now need to think about capturing the 1.1650 level. Only that will allow targeting a test of 1.1680. From there, one could climb toward 1.1705 — but doing so without support from major players will be quite difficult. The furthest target will be the 1.1725 high. In case the instrument falls only to around 1.1620, I expect some serious action from major buyers. If no one comes there, it might be wise to wait for a new low around 1.1590 or to open long positions starting from 1.1570.

As for the current technical picture for GBP/USD, pound buyers need to capture the nearest resistance at 1.3320. Only that will allow targeting 1.3350 — above which it will be quite difficult to break out. The most distant target will be around 1.3380. In case of a drop, bears will try to take control over 1.3285. If they succeed, a breakdown of the range would deal a serious blow to bulls' positions and push GBP/USD toward a minimum of 1.3260 with a prospect of moving to 1.3230.

The material has been provided by InstaForex Company - www.instaforex.com.

GBP/US. Technical Analysis on December 10, 2025

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Trend Analysis (Fig. 1).

On Wednesday the market, from the 1.3293 level (yesterday's daily candle close), may possibly begin moving upward toward 1.3367 – the 50% retracement level (blue dashed line). When testing this level, the price may pull back downward toward 1.3355 – the upper fractal (daily candle of December 9, 2025).

Fig. 1 (daily chart).

Comprehensive Analysis:

• indicator analysis – upward;
• Fibonacci levels – upward;
• volumes – upward;
• candlestick analysis – upward;
• trend analysis – upward;
• Bollinger Bands – upward;
• weekly chart – upward.

Overall conclusion: an upward trend.

Alternative scenario: On Wednesday the market, from the 1.3293 level (yesterday's daily candle close), may possibly begin moving upward toward 1.3355 – the upper fractal (daily candle of December 9, 2025). When testing this level, the price may pull back downward toward 1.3345 – the upper fractal (daily candle of December 8, 2025).

The material has been provided by InstaForex Company - www.instaforex.com.

EUR/USD. Technical Analysis on December 10, 2025

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Trend Analysis (Fig. 1).

On Wednesday the market, from the 1.1625 level (yesterday's daily candle close), may start moving upward toward 1.1655 – the 50% retracement level (blue dashed line). When testing this level, the price may possibly pull back downward toward 1.1640 – the 38.2% retracement level (yellow dashed line).

Fig. 1 (daily chart).

Comprehensive Analysis:

• indicator analysis – upward;
• Fibonacci levels – upward;
• volumes – downward;
• candlestick analysis – upward;
• trend analysis – upward;
• Bollinger Bands – upward;
• weekly chart – upward.

Overall conclusion: an upward trend.

Alternative scenario: From the 1.1625 level (yesterday's daily candle close), the price may begin an upward movement toward 1.1640 – the 38.2% retracement level (yellow dashed line). When testing this level, the price may possibly pull back downward toward 1.1608 – the historical support level (light blue dashed line).

The material has been provided by InstaForex Company - www.instaforex.com.

Market awaits Fed meeting

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When markets are set for a hawkish cut, the chances of a dovish surprise increase. In reality, a reduction in the federal funds rate by 25 basis points to 3.75% is not the most important event on December 10. What will be more interesting for the markets is to observe the updated FOMC economic projections and listen to Jerome Powell's speech. Ahead of the meeting, investors preferred to take a step back. No one wants to take risks.

Despite the tepid response of the S&P 500 to several previous Committee meetings, this time could be different. Artificial intelligence, corporate profits, the resilience of the US economy, and expectations for monetary stimulus from the Federal Reserve are four key drivers of the American stock market in 2025. If even one of these factors plays out, the broad stock index may not be able to boast the impressive results in the coming year that it has achieved this year.

S&P 500's Reaction to Fed Meeting Outcomes

It is no surprise that institutional investors surveyed by Goldman Sachs are lowering their forecasts. Their estimates for the S&P 500 in 2026 fluctuate between 7,000 and 7,500. Just in October, when the broad stock index was nearing record highs, respondents believed in its rise to 7,200 by the end of 2025. According to HSBC Holdings, investors are underestimating the risks of a collapse in the US stock market.

A key part of the puzzle about the future of the S&P 500 is monetary policy. If the Fed accelerates the process of interest rate cuts, as desired by the White House, the broad stock index will thrive. However, there is a chance that the Federal Reserve will take into account the desire of central banks in other developed countries to make a hawkish turn. Australia, New Zealand, Europe, and likely Canada have signaled or are ready to signal the end of monetary expansion cycles. The Bank of Japan, in fact, intends to raise the overnight rate.

Dynamics of S&P 500 and Market Expectations for Fed Rates

The Fed is traditionally viewed as the leader of the pack of central banks, yet there is such desynchronization! Meanwhile, the S&P 500 is highly responsive to signals from the futures market regarding the scale of monetary policy easing. The decline in the broad stock index from record high levels was partly due to the October FOMC meeting minutes, where many Committee officials expressed disagreement with lowering the federal funds rate.

Another reason for the autumn pullback was fears regarding an AI bubble. Now, whenever investors hear the word "spending," they begin to sell. For instance, JP Morgan's shares were adversely affected after the company announced an increase in expenses in 2026 to $105 billion compared to a previous estimate of $101 billion.

Technically, on the daily chart of the S&P 500, the battle between bulls and bears continues for fair value at 6,840. A victory for sellers and a subsequent fall below 6,827 will trigger short-term selling. However, buying on rebounds from 6,805 and 6,770 remains a viable strategy.

The material has been provided by InstaForex Company - www.instaforex.com.

Euro Looks Strong Ahead of FOMC Meeting

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The eurozone economy continues to demonstrate robust growth despite several challenges. The composite PMI index rose in October from 52.4 to 52.8, primarily due to a significant increase in the services sector, which reached a one-and-a-half-year high of 53.6.

At the same time, the final GDP data for the third quarter showed a 0.3% decline in household consumption, which is good for controlling inflation but poor for economic growth. While overall inflation increased in November, it remained close to the European Central Bank target, and core inflation stabilized at 2.4%, indicating a lack of inflationary momentum. As a result, there is no reason to revise the ECB's rate forecasts, which suggest the end of the easing cycle. This is a moderately hawkish factor for the euro. Additionally, the unexpected rise in average wages in the third quarter from 3.8% to 4.0% year-on-year, against a forecast reduction to 3.2%, makes a rate cut even less likely as it potentially poses a threat of inflation growth in December.

The euro has no reason to decline until there is clarity on what is actually happening with the US economy and how the composition of the FOMC members may change in the coming months. The threat of a quicker rate cut in the US prevents dollar bulls from resuming pressure, which is another factor supporting the euro's growth.

Regarding the US, the main event for the markets will undoubtedly be the FOMC meeting on monetary policy, along with the publication of new forecasts. Yesterday's JOLTs report on job openings for October provided insights into the labor market, appearing positive externally – 7.670 million, against a forecast of 7.2 million - indicating sustained labor demand. At the same time, the number of voluntary resignations and hiring decreased, while the number of involuntary layoffs increased. For the Federal Reserve, this signal may allow Powell to maintain at least a neutral tone at today's press conference, hinting that the pause before the next rate cut may be longer than the market expects. On the other hand, Trump's pressure on the Fed remains strong.

CFTC reports continue to be delayed and will only fully come into the schedule on January 23. So far, reports from November 4 have been published, when the markets were confident that the Fed would not cut rates at today's meeting. Therefore, speculative positioning on the dollar, which dominated in the first half of November, significantly distorts the calculated price at this time. Nevertheless, the calculated price remains above the long-term average with the prospect of further growth.

Last week, we saw continued growth of EUR/USD as the main scenario. Based on the criteria, this scenario still appears to be the most likely. The target of 1.1650/70 was reached, but there was no successful settlement above this zone, although the pullback was shallow. We anticipate that following the publication of the FOMC meeting results, the euro will rise. Much will depend on the tone Powell selects during the press conference; if he is perceived as dovish, the Fed's rate forecasts may be adjusted towards an even quicker cut, pushing the euro above 1.1730 with the prospect of rapid growth. Conversely, if Powell chooses a neutral tone, the growth will be less pronounced, and we see the euro in the range of 1.1690/1730.

The material has been provided by InstaForex Company - www.instaforex.com.

Stock market overview for December 10: SP500 and NASDAQ close mixed

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At the end of yesterday's trading session, stock indices closed mixed. The S&P 500 fell by 0.09%, while the Nasdaq 100 rose by 0.13%. The Dow Jones Industrial Average decreased by 0.38%.

Asian stock indices showed a mixed performance as investors await further guidance regarding the Federal Reserve's position in its final interest rate decision of the year. Shares of Chinese real estate companies rose amid optimism about potential government support. US equity futures remained virtually unchanged. Silver continued its upward trajectory, while Australian bonds saw increased selling pressure following a hawkish central bank decision on Tuesday. The price of US Treasury bonds remained stable after a decline on Tuesday when data revealed that job openings in the US reached their highest level in five months in October.

Today, traders are anticipating a third consecutive interest rate cut from the Fed, with a particular focus on the central bank's latest dot plot, economic forecasts, and comments from Chairman Jerome Powell. Volatility surrounding this decision has become a defining characteristic of stock trading recently, overshadowing concerns about a potential artificial intelligence bubble and the impact of trade policies from former President Donald Trump.

Market participants are closely monitoring how the Fed will balance the need to curb inflation while avoiding a slowdown in economic growth. On one hand, persistent inflation, although decreasing, still remains above the Fed's target level of 2%, indicating the necessity for continued restrictive monetary policy. On the other hand, the economy is showing signs of slowdown, and a further pause in accommodative policy could exacerbate the situation, potentially leading to a recession. The dot plot, which graphically represents the forecasts of individual members of the Fed's Open Market Committee regarding the future trajectory of interest rates, will be crucial in shaping market sentiment. If the plot indicates a more aggressive stance than expected, it could trigger a sell-off in stocks and an increase in bond yields. Conversely, if the dot plot suggests that the Fed is leaning towards a more dovish policy, it could spark a stock market rally.

As previously noted, shares of Chinese real estate companies surged on Wednesday amid expectations of stimulus measures from Beijing and hopes for progress in debt negotiations involving China Vanke Co. The index of Chinese property developers jumped by more than 4%, while Vanke shares, which have garnered investor attention due to delayed bond payments, soared by 19%.

Silver continued its rise after surpassing $60 per ounce for the first time on Tuesday. The momentum was fueled by supply shortages and forecasts of further easing in Fed monetary policy. The price of the white metal climbed by 1.6% to a record high of $61.6145 per ounce.

Oil experienced its largest two-day decline in a month, as concerns over a global oversupply continued to weigh on sentiment.

Regarding the technical outlook for the S&P 500, the primary objective for buyers today will be to overcome the nearest resistance at $6,854. Doing so would help indicate growth and open up the opportunity for a surge to a new level at $6,874. Another priority for bulls will be to maintain control over $6,896, which would strengthen their positions. Should there be a downward movement due to a decrease in risk appetite, buyers must assert themselves around $6,837. A breakdown could quickly push the trading instrument back to $6,819 and pave the way towards $6,792.

The material has been provided by InstaForex Company - www.instaforex.com.

US banking regulator allows banks to engage in cryptocurrency transactions

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Bitcoin experienced a notable increase yesterday, along with other altcoins, following the news that the US banking regulator, the OCC, officially permitted national banks to conduct cryptocurrency operations for clients.

Now, banks can operate under a riskless principal model, acting as intermediaries in transactions without holding crypto assets on their balance sheets. This decision marks the beginning of a new era for the interaction between traditional finance and digital assets.

For the first time, federally chartered banks are receiving a clear signal to legally provide cryptocurrency-related services. This is not merely an experiment. It is a strategic step aimed at integrating the crypto economy into the existing financial system. This move could significantly accelerate the adoption of cryptocurrencies among the general public, as trust in traditional banks remains high.

The OCC's approval creates a competitive environment where banks can offer their clients access to cryptocurrencies without the need to interact directly with cryptocurrency exchanges or custodial services. This reduces barriers to entry into the digital asset market and enhances security for users. By acting as intermediaries, banks take on the responsibility of ensuring regulatory compliance and protecting customer interests.

Importantly, the OCC emphasizes the need to adhere to safety principles and risk management when conducting cryptocurrency operations. Banks must develop clear procedures and control systems to prevent money laundering, terrorism financing, and other illicit activities. This requires significant investments in infrastructure development and staff training.

The OCC's decision also serves as a crucial signal for the crypto industry as a whole. It confirms that regulatory authorities are willing to engage with innovative technologies and establish a legal framework for their development. This could attract new investments and stimulate the development of new blockchain-based products and services.

Trading recommendations:

Regarding the technical outlook for Bitcoin, buyers are currently targeting a return to the $92,900 level, which would open a direct path to $95,000, from where it would not be long before reaching $97,300. The ultimate target will be around the $99,400 peak, and a breakthrough above this level would indicate attempts to re-enter a bullish market. If Bitcoin declines, I expect buyers at the $90,300 level. A return of the trading instrument below this area could quickly push BTC down to around $88,200, with the furthest target being the area of $85,800.

For Ethereum, clear consolidation above the $3,362 level opens a direct path to $3,474. The ultimate goal will be around the $3,664 peak, and surpassing this level would strengthen bullish market sentiments and renew buyer interest. If Ethereum declines, I expect buyers at the $3,233 level. A drop below this area could quickly send ETH down to around $3,126, with the furthest target being $3,023.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

Typically, a crossover or price test of these moving averages either halts market momentum or sets a new directional impulse.

The material has been provided by InstaForex Company - www.instaforex.com.

US banking regulator allows banks to engage in cryptocurrency transactions

.

Bitcoin experienced a notable increase yesterday, along with other altcoins, following the news that the US banking regulator, the OCC, officially permitted national banks to conduct cryptocurrency operations for clients.

Now, banks can operate under a riskless principal model, acting as intermediaries in transactions without holding crypto assets on their balance sheets. This decision marks the beginning of a new era for the interaction between traditional finance and digital assets.

For the first time, federally chartered banks are receiving a clear signal to legally provide cryptocurrency-related services. This is not merely an experiment. It is a strategic step aimed at integrating the crypto economy into the existing financial system. This move could significantly accelerate the adoption of cryptocurrencies among the general public, as trust in traditional banks remains high.

The OCC's approval creates a competitive environment where banks can offer their clients access to cryptocurrencies without the need to interact directly with cryptocurrency exchanges or custodial services. This reduces barriers to entry into the digital asset market and enhances security for users. By acting as intermediaries, banks take on the responsibility of ensuring regulatory compliance and protecting customer interests.

Importantly, the OCC emphasizes the need to adhere to safety principles and risk management when conducting cryptocurrency operations. Banks must develop clear procedures and control systems to prevent money laundering, terrorism financing, and other illicit activities. This requires significant investments in infrastructure development and staff training.

The OCC's decision also serves as a crucial signal for the crypto industry as a whole. It confirms that regulatory authorities are willing to engage with innovative technologies and establish a legal framework for their development. This could attract new investments and stimulate the development of new blockchain-based products and services.

Trading recommendations:

Regarding the technical outlook for Bitcoin, buyers are currently targeting a return to the $92,900 level, which would open a direct path to $95,000, from where it would not be long before reaching $97,300. The ultimate target will be around the $99,400 peak, and a breakthrough above this level would indicate attempts to re-enter a bullish market. If Bitcoin declines, I expect buyers at the $90,300 level. A return of the trading instrument below this area could quickly push BTC down to around $88,200, with the furthest target being the area of $85,800.

For Ethereum, clear consolidation above the $3,362 level opens a direct path to $3,474. The ultimate goal will be around the $3,664 peak, and surpassing this level would strengthen bullish market sentiments and renew buyer interest. If Ethereum declines, I expect buyers at the $3,233 level. A drop below this area could quickly send ETH down to around $3,126, with the furthest target being $3,023.

What we see on the chart:

- Red lines indicate support and resistance levels where either a price slowdown or active growth is expected;

- Green lines indicate the 50-day moving average;

- Blue lines indicate the 100-day moving average;

- Light green lines indicate the 200-day moving average.

Typically, a crossover or price test of these moving averages either halts market momentum or sets a new directional impulse.

The material has been provided by InstaForex Company - www.instaforex.com.

USD/JPY: Simple Trading Tips for Beginner Traders on December 10. Analysis of Yesterday's Forex Trades

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Analysis of Trades and Trading Tips for the Japanese Yen

The test of the 156.25 price coincided with the moment when the MACD indicator began to move above the zero mark, confirming the correct entry point for buying dollars. As a result, the pair rose by more than 50 pips.

Strong US labor market data from ADP and JOLTs supported the dollar's rise against the Japanese yen yesterday. The resilience of the labor market continues to strengthen the dollar's position, despite the high likelihood of a Federal Reserve rate cut today. The ADP data, reflecting growth in private sector employment, exceeded expectations, signaling sustained business activity and a need for labor. Simultaneously, the JOLTs report, which records the number of job openings, remains at a relatively high level, indicating labor shortages and potential upward pressure on wages.

However, it is important to remember that the Bank of Japan may raise interest rates next week, which could quickly change the dynamics of the market, so be extremely cautious with long positions on USD/JPY at current levels.

Regarding the intraday strategy, I will primarily rely on executing Scenarios 1 and 2.

Buy Scenarios

Scenario 1: I plan to buy USD/JPY today upon reaching an entry point around 156.92 (green line on the chart), targeting a move to 157.25 (thicker green line on the chart). At around 157.25, I intend to exit the longs and open shorts in the opposite direction (aiming for a movement of 30-35 pips from this level). It is best to return to buying the pair on corrections and significant dips in USD/JPY. Important! Before buying, ensure the MACD indicator is above the zero mark and just starting an upward move from it.

Scenario 2: I also plan to buy USD/JPY today in the case of two consecutive tests of the price at 156.63 when the MACD indicator is in the oversold area. This will limit the pair's downside potential and lead to an upward market reversal. A rise can be expected to the opposite levels of 156.92 and 157.25.

Sell Scenarios

Scenario 1: I plan to sell USD/JPY today only after the 156.63 level is updated (red line on the chart), which will trigger a quick decline in the pair. The key target for sellers will be at 156.33, where I intend to exit the shorts and immediately buy back in the opposite direction (aiming for a movement of 20-25 pips in the opposite direction from this level). It is better to sell as high as possible. Important! Before selling, ensure that the MACD indicator is below the zero mark and is just starting its downward movement from it.

Scenario 2: I also plan to sell USD/JPY today in the case of two consecutive tests of the price at 156.92 when the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a market reversal downward. A decline can be expected to the opposite levels of 156.63 and 156.33.

What's on the Chart:

• Thin green line – entry price at which you can buy the trading instrument;
• Thick green line – estimated price where you can set Take Profit or take profit yourself, as further growth above this level is unlikely;
• Thin red line – entry price at which you can sell the trading instrument;
• Thick red line – estimated price where you can set Take Profit or take profit yourself, as further decline below this level is unlikely;
• MACD Indicator. When entering the market, it is essential to be guided by overbought and oversold zones.

Important: Beginner traders in the Forex market need to make entry decisions with great caution. It is best to stay out of the market before significant fundamental reports to avoid sudden price fluctuations. If you choose to trade during news releases, always set stop orders to minimize losses. Without setting stop orders, you can quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

And remember, successful trading requires a clear trading plan, like the one presented above. Spontaneous trading decisions based on the current market situation are inherently a losing strategy for the intraday trader.

The material has been provided by InstaForex Company - www.instaforex.com.

GBP/USD: Simple Trading Tips for Beginner Traders on December 10. Analysis of Yesterday's Forex Trades

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Analysis of Trades and Trading Tips for the British Pound

The first test of the price at 1.3323 occurred when the MACD indicator had moved significantly down from the zero mark, which limited the pair's downward potential. For this reason, I did not sell the pound.

Strong US labor market data from ADP and JOLTs helped the dollar rise against the pound yesterday. Economists and analysts note that the resilience of the US labor market, despite recent signs of weakness, provides significant support for the dollar. This, in turn, puts pressure on other countries' currencies, particularly the British pound.

Today, traders have little to anticipate in the first half of the day. The sluggish market ahead of the US FOMC meeting, lacking catalysts, signals a consolidation period in which short-term fluctuations will be driven more by technical factors and speculative sentiment than by a deep analysis of the economic situation. In such conditions, the importance of closely monitoring price charts and using technical analysis tools to identify entry and exit points increases.

Regarding the intraday strategy, I will rely more on executing Scenarios 1 and 2.

Buy Scenarios

Scenario 1: I plan to buy the pound today upon reaching an entry point around 1.3316 (green line on the chart), targeting a move to 1.3334 (thicker green line on the chart). At the point of 1.3334, I intend to exit the long positions and open shorts in the opposite direction (aiming for a movement of 30-35 pips from the entry level). A strong increase in the pound can only be expected after good data. Important! Before buying, ensure the MACD indicator is above the zero mark and just starting an upward move from it.

Scenario 2: I also plan to buy the pound today if the price tests 1.3302 twice in a row while the MACD indicator is in the oversold area. This will limit the pair's downside potential and lead to an upward market reversal. You can expect a rise to the opposite levels of 1.3316 and 1.3334.

Sell Scenarios

Scenario 1: I plan to sell the pound today after the 1.3302 level is updated (red line on the chart), which will trigger a quick decline in the pair. The key target for sellers will be the 1.3285 level, where I intend to exit the shorts and immediately buy back in the opposite direction (aiming for a move of 20-25 pips in the opposite direction from this level). Pound sellers will show their strength in the case of weak data. Important! Before selling, ensure that the MACD indicator is below the zero mark and is just starting its downward movement from it.

Scenario 2: I also plan to sell the pound today if the price tests 1.3316 twice in a row while the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a market reversal downward. You can expect a decline to the opposite levels of 1.3302 and 1.3285.

What's on the Chart:

• Thin green line – entry price at which you can buy the trading instrument;
• Thick green line – estimated price where you can set Take Profit or take profit yourself, as further growth above this level is unlikely;
• Thin red line – entry price at which you can sell the trading instrument;
• Thick red line – estimated price where you can set Take Profit or take profit yourself, as further decline below this level is unlikely;
• MACD Indicator. When entering the market, it is essential to be guided by overbought and oversold zones.

Important: Beginner traders in the Forex market need to make entry decisions with great caution. It is best to stay out of the market before significant fundamental reports to avoid sudden price fluctuations. If you choose to trade during news releases, always set stop orders to minimize losses. Without setting stop orders, you can quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

And remember, successful trading requires a clear trading plan, like the one presented above. Spontaneous trading decisions based on the current market situation are inherently a losing strategy for the intraday trader.

The material has been provided by InstaForex Company - www.instaforex.com.

EUR/USD: Simple Trading Tips for Beginner Traders on December 10. Analysis of Yesterday's Forex Trades

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Analysis of Trades and Trading Tips for the Euro

The test of the price at 1.1635 coincided with the MACD indicator being significantly below the zero mark, which limited the pair's downward potential. For this reason, I did not sell the euro. The second test of 1.1635 shortly after occurred when the MACD was in the oversold area, allowing for the realization of Scenario 2 for a buy, but it did not lead to a significant increase in the pair.

Strong private-sector employment data from ADP and figures on job openings and labor turnover in the US supported the dollar against the euro in the afternoon. Investors interpreted this data as a signal that the US labor market is not as weak as it might initially seem. However, this data does not provide the whole picture, so it is premature to draw conclusions solely from it. The future dynamics of the dollar will continue to depend on US macroeconomic indicators and signals from the Federal Reserve regarding the future trajectory of interest rates.

Today, in the first half of the day, data on changes in Italy's industrial production and a speech from European Central Bank President Christine Lagarde are expected. The industrial production data will provide insight into the state of the country's economy. Analysts will closely monitor these figures to determine whether the industry is recovering after recent challenges stemming from US tariffs and high energy prices. Positive data may strengthen the euro. Lagarde's speech will be a particularly important moment of the day. Markets will closely monitor any signals on the ECB's future monetary policy. Investors will want to know how the ECB assesses the current economic situation, inflationary pressures, and interest rate prospects.

Regarding the intraday strategy, I will rely more on executing Scenarios 1 and 2.

Buy Scenarios

Scenario 1: Today, I can buy euros upon reaching a price around 1.1645 (green line on the chart) with a target of rising to the level of 1.1666. At the 1.1666 level, I plan to exit the market and immediately sell euros in the opposite direction, aiming for a move of 30-35 pips from the entry point. Growth in the euro can only be expected after good data. Important! Before buying, ensure the MACD indicator is above the zero mark and just starting an upward move from it.

Scenario 2: I also plan to buy euros today if the price tests 1.1626 twice in a row while the MACD indicator is in the oversold area. This will limit the pair's downside potential and lead to an upward market reversal. A rise can be expected to the opposite levels of 1.1645 and 1.1666.

Sell Scenarios

Scenario 1: I plan to sell euros once the price reaches 1.1626 (red line on the chart). The target will be at level 1.1605, where I intend to exit the market and immediately buy back in the opposite direction (aiming for a movement of 20-25 pips in the opposite direction from this level). Pressure on the pair will return with weak data. Important! Before selling, ensure that the MACD indicator is below the zero mark and just starting its downward movement from it.

Scenario 2: I also plan to sell euros today if the price tests 1.1645 twice in a row while the MACD indicator is in the overbought area. This will limit the pair's upward potential and lead to a market reversal downward. A decline can be expected to the opposite levels of 1.1626 and 1.1605.

What's on the Chart:

• Thin green line – entry price at which you can buy the trading instrument;
• Thick green line – estimated price where you can set Take Profit or take profit yourself, as further growth above this level is unlikely;
• Thin red line – entry price at which you can sell the trading instrument;
• Thick red line – estimated price where you can set Take Profit or take profit yourself, as further decline below this level is unlikely;
• MACD Indicator. When entering the market, it is essential to be guided by overbought and oversold zones.

Important: Beginner traders in the Forex market need to make entry decisions with great caution. It is best to stay out of the market before significant fundamental reports to avoid sudden price fluctuations. If you choose to trade during news releases, always set stop orders to minimize losses. Without setting stop orders, you can quickly lose your entire deposit, especially if you do not use money management and trade large volumes.

And remember, successful trading requires a clear trading plan, like the one presented above. Spontaneous trading decisions based on the current market situation are inherently a losing strategy for the intraday trader.

The material has been provided by InstaForex Company - www.instaforex.com.

Trading Recommendations for the Cryptocurrency Market on December 10

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Bitcoin surpassed the $94,000 mark yesterday, reaching $94,600, marking a peak since its major sell-off in November this year. Ethereum also crossed the $3,300 threshold, maintaining strong prospects for further growth.

Active buying of Ethereum could be linked to news that BlackRock applied to launch an Ethereum ETF with a staking option, which may attract more potential large clients to the market. The integration of the staking option makes the ETF even more appealing to investors seeking not only capital gains but also passive income from their assets. This could lead to significant capital inflows into Ethereum, as institutional investors and large funds who previously refrained from directly holding cryptocurrencies gain a convenient, regulated way to participate in the market.

The growing interest in the Ethereum ETF is also connected to expectations of further development of the Ethereum network. Improvements in scalability allow for processing more transactions and reduce fees, contributing to the continued development of the Ethereum ecosystem – especially following the recent network upgrade.

Regarding the intraday strategy in the cryptocurrency market, I will continue to act on any significant pullbacks in Bitcoin and Ethereum, anticipating the continuation of the bullish market in the medium term, which remains intact.

For short-term trading, the strategies and conditions are outlined below.

Bitcoin

Buy Scenario

Scenario 1: I will buy Bitcoin today upon reaching an entry point around $92,800, targeting a rise to $93,900. At around $93,900, I will exit the buys and sell immediately on the rebound. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome indicator is above zero.

Scenario 2: Buying Bitcoin can also occur from the lower boundary of $92,100 if there is no market reaction to breaking it back towards $92,800 and $93,900.

Sell Scenario

Scenario 1: I will sell Bitcoin today when reaching an entry point around $92,100, targeting a drop to $90,900. At around $90,900, I will exit the sales and buy immediately on the rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is below zero.

Scenario 2: Selling Bitcoin can also occur from the upper boundary of $92,800 if there is no market reaction to breaking it back towards $92,100 and $90,900.

Ethereum

Buy Scenario

Scenario 1: I will buy Ethereum today upon reaching an entry point around $3,336, targeting a rise to $3,383. At around $3,383, I will exit the buys and sell immediately on the rebound. Before buying on a breakout, ensure that the 50-day moving average is below the current price and that the Awesome indicator is above zero.

Scenario 2: Buying Ethereum can also occur from the lower boundary of $3,302 if there is no market reaction to breaking it back towards $3,336 and $3,383.

Sell Scenario

Scenario 1: I will sell Ethereum today when reaching an entry point around $3,302, targeting a drop to $3,244. At around $3,244, I will exit the sales and buy immediately on the rebound. Before selling on a breakout, ensure that the 50-day moving average is above the current price and that the Awesome indicator is below zero.

Scenario 2: Selling Ethereum can also occur from the upper boundary of $3,336 if there is no market reaction to breaking it back towards $3,302 and $3,244.

The material has been provided by InstaForex Company - www.instaforex.com.

Intraday Strategies for Beginner Traders on December 10

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The US dollar has again strengthened against the euro, pound, and other risk assets – particularly against the Japanese yen. The weekly job growth in the private sector from ADP and strong data on job openings and labor turnover in the US from the Bureau of Labor Statistics have strengthened the US dollar. Traders interpreted this data as a sign of the ongoing strength of the US economy, which, in turn, raised expectations of a more cautious approach to monetary policy changes by the Federal Reserve. However, this is unlikely to impact today's decision by the central bank. For this reason, the dollar's strengthening has been modest.

Today, the first half of the day will see data on changes in Italy's industrial production, as well as a speech by European Central Bank President Christine Lagarde. These events may have some influence on the euro's exchange rate. Economists are closely monitoring Italy's industrial production figures as they are an indicator of the country's economic condition and can predict trends in the eurozone as a whole. Significant deviations from expectations in the data may trigger market volatility.

Lagarde's speech, in turn, provides a unique opportunity to gain insight into the current state of the eurozone's economy and the ECB's monetary policy plans. Traders will analyze her words closely, seeking hints about future interest rate moves. However, it is unlikely that we will hear anything new from her, especially given the completion of the eurozone's interest rate-cut cycle.

There is no data scheduled for the UK today.

If the data coincides with economists' expectations, it is advisable to act based on the Mean Reversion strategy. If the data is significantly above or below economists' expectations, it is best to use the Momentum strategy.

Momentum Strategy (Breakout):

For the EUR/USD Pair

Buy on a breakout of level 1.1650, which may lead to an increase in the euro to around 1.1688 and 1.1705.

Sell on a breakout of level 1.1620, which may lead to a decline in the euro to around 1.1600 and 1.1570.

For the GBP/USD Pair

Buy on a breakout of level 1.3315, which may lead to an increase in the pound to around 1.3350 and 1.3380.

Sell on a breakout of level 1.3295, which may lead to a decline in the pound to around 1.3270 and 1.3230.

For the USD/JPY Pair

Buy on a breakout of level 156.90, which may lead to an increase in the dollar to around 157.35 and 157.70.

Sell on a breakout of level 156.55, which may lead to a sell-off in the dollar to around 156.12 and 155.75.

Mean Reversion Strategy (Retracement):

For the EUR/USD Pair

Look for short positions after a failed breakout above 1.1635 on a return below this level.

Look for longs after a failed breakout above 1.1618 on a return to this level.

For the GBP/USD Pair

Look for shorts after a failed breakout above 1.3321 on a return below this level.

Look for longs after a failed breakout above 1.3291 on a return to this level.

For the AUD/USD Pair

Look for shorts after a failed breakout above 0.6652 on a return below this level.

Look for longs after a failed breakout above 0.6629 on a return to this level.

For the USD/CAD Pair

Look for shorts after a failed breakout above 1.3863 on a return below this level.

Look for longs after a failed breakout above 1.3836 on a return to this level.

The material has been provided by InstaForex Company - www.instaforex.com.

What to Pay Attention to on December 10? Analysis of Fundamental Events for Beginners

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Analysis of Macroeconomic Reports:

No macroeconomic reports are scheduled for Wednesday. Thus, throughout the day, traders will have nothing to react to. Only late in the evening will the FOMC meeting results be announced, which will certainly provoke a storm of emotions in the market and significant volatility.

Analysis of Fundamental Events:

Several fundamental events are scheduled for Wednesday. Of course, the FOMC meeting stands out as the only event of the day, broken into several parts. The decision on the interest rate can be considered already made – a 0.25% decrease. However, in addition to the rate, traders will learn about the FOMC's plans for 2026 – the "dot plot" will be published, reflecting each member of the Monetary Committee's expectations. Additionally, there will be a speech by FOMC Chairman Jerome Powell, who may also hint at future decisions of the central bank in his address. In the European Union, European Central Bank President Christine Lagarde will also give a speech, which is unlikely to interest anyone at this time (especially today), as there are still no questions regarding monetary policy with the ECB. In any case, the FOMC is likely focused solely on lowering the key interest rate, while the ECB may even consider raising it next year. The dollar's situation remains unfavorable under any circumstances this evening.

General Conclusions:

Throughout the third trading day of the week, both currency pairs are likely to lean towards growth, as both continue to form an upward trend. The euro is trading in the range of 1.1655-1.1666. The British pound has a range of 1.3319-1.3331. Volatility on Wednesday may again be low throughout the day, but traders can expect a "storm" in the evening.

Key Rules of the Trading System:

1. The strength of a signal is determined by the time it takes to form the signal (bounce or breakout). The less time it takes, the stronger the signal.
2. If two or more trades were opened near a certain level based on false signals, all subsequent signals from that level should be ignored.
3. In a flat, any pair can form a multitude of false signals or none at all. At the first signs of a flat, it is better to stop trading.
4. Trades are opened during the time between the start of the European session and mid-American session, after which all trades should be closed manually.
5. On the hourly timeframe, using signals from the MACD indicator, it is preferable to trade only when good volatility exists, and a trend is confirmed by a trend line or channel.
6. If two levels are too close to each other (5 to 20 pips), they should be viewed as an area of support or resistance.
7. After moving 15-20 pips in the right direction, a Stop Loss should be set to breakeven.

Chart Explanations:

• Support and Resistance Levels: Levels that serve as targets for opening buys or sells. Take Profit levels can be placed near them.
• Red Lines: Channels or trend lines that reflect the current trend and indicate the preferred direction to trade.
• MACD Indicator (14, 22, 3): A histogram and signal line, a supplementary indicator that can also be used as a source of signals.

Important Note: Significant speeches and reports (always included in the news calendar) can greatly influence the movement of the currency pair. Therefore, during their release, it is advisable to trade cautiously or exit the market to avoid sharp reversals against the preceding movement.

Remember: For beginners trading in the Forex market, it is crucial to understand that not every trade can be profitable. Developing a clear strategy and implementing sound money management are keys to successful long-term trading.

The material has been provided by InstaForex Company - www.instaforex.com.

Trading Signals for ETHEREUM for December 10-14, 2025: sell below $3,437 (overbougth - 3/8 Murray)

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Ethereum is trading around $3,300, undergoing a slight technical correction after decisively breaking the 200 EMA and reaching the top of the downtrend channel, which acted as strong resistance.

In the coming hours, Ether is expected to continue its technical correction and could reach the 200 EMA around 3,181.

According to the H4 chart, ETH has reached overbought levels, so a technical correction is more likely to occur in the coming hours and could suggest an opportunity to open short positions.

In the event of a pullback towards the 3/8 Murray located at 3,437, this level coincides with the top of the uptrend channel and could be seen as an opportunity to sell with short-term targets around 2/8 Murray at 3,125. Finally, Ether is expected to reach the psychological level of $3,000 and even fall to the bottom of the bullish downtrend channel around $2,910.

Our outlook for the coming days is negative as we are seeing overbought levels. Therefore, as long as the price remains below $3,450, any technical rebound should be used as an opportunity to enter short positions.

The material has been provided by InstaForex Company - www.instaforex.com.

Trading Signals for BITCOIN for December 10-14, 2025: sell below $94,00 - $96,000 (200 EMA - 3/8 Murray)

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Bitcoin is trading around $9,281, retreating after reaching strong resistance at the 94,200 level, which coincided with the 3/8 Murray and, in turn, with the 200 EMA.

In the coming days, Bitcoin is expected to continue its technical correction until it reaches the 2/8 Murray located at 87,500.

If Bitcoin consolidates below $94,000 in the coming hours, any failed attempt to break through this zone will be seen as an opportunity to open short positions with a target around the 21 SMA located at $90,780 and finally at the bottom of the uptrend channel around $87,700.

The Eagle indicator is showing overbought signs, so any technical rebound is expected to be seen as an opportunity to open short positions in Bitcoin for the next few days.

If Bitcoin consolidates above $94,000 in the coming days, we could expect it to reach the top of the uptrend channel around $96,500. This level could also serve as a point for opening short positions.

If the bullish momentum prevails and Bitcoin breaks through $96,500, it is more likely to reach the psychological level of $100,000. However, at this point, Bitcoin could accumulate strong overbought conditions and could be at risk of a technical correction.

The material has been provided by InstaForex Company - www.instaforex.com.

Trading Signals for GOLD for December 10-14, 2025: sell below $4,250 (21 SMA - 200 EMA)

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Gold is trading around 4,214 with an upward bias but showing signs of exhaustion. We could also see low trading volume due to the upcoming holidays.

Gold could consolidate in the coming days within the downtrend channel formed since early December. Hence, we could expect the price to reach 4,253 as strong resistance, or it could reach the key support level of 4,203 and even the bottom of the downtrend channel around 4,170.

Gold is expected to trade within the range between 4,264 and 4,170 in the coming days, so we will look for opportunities to enter short positions below this resistance. If the price reaches the weekly support at 4,175, it could be an opportunity to take long positions.

A sharp break above 4,260, which represents the high at the end of November, could mean a new bullish cycle for the yellow metal, which could reach the 7/8 Murray at 4,375.

A sharp break below 4,170 could lead to a strong downward movement, with gold potentially reaching the key 6/8 Murray support level around 4,062.

Our outlook according to the H1 chart remains bullish, so any pullback in gold will be seen as an opportunity to take long positions.

The material has been provided by InstaForex Company - www.instaforex.com.

Trading Signals for EUR/USD for December 10-14, 2025: sell below 1.1657 (200 EMA - 2/8 Murray)

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EUR/USD is trading around 1.1627 within a downtrend channel formed on the H1 chart since early December and is likely to remain under bearish pressure in the coming hours, potentially reaching the 2/8 Murray level around 1.1596.

A sharp breakout and consolidation above the 200 EMA and above the 21 SMA at about 1.1633 could allow us to continue buying the euro. EUR/USD could reach 3/8 Murray around 1.1657.

A sharp breakout of the downtrend channel could give the euro strong momentum, and EUR/USD could reach 4/8 Murray around 1.1718 and finally cover the gap left around 1.1740 in October.

Conversely, a drop below 2/8 Murray could change the euro's direction, and we could expect it to reach the key support of 0/8 Murray around 1.1474.

The Eagle indicator is showing a negative signal, so if a pullback towards 1.1657 occurs, it will be seen as a signal to open short positions in the coming days.

The material has been provided by InstaForex Company - www.instaforex.com.

How to Trade the GBP/USD Currency Pair on December 10? Simple Tips and Trade Analysis for Beginners

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Analysis of Trades on Tuesday:

1H Chart of the GBP/USD Pair

The GBP/USD pair showed no interesting movements on Tuesday, despite the presence of a fundamental and macroeconomic background. Yesterday, the Bank of England Governor Andrew Bailey gave a speech, and the U.S. released the JOLTs and ADP reports. We immediately warned that one should not expect much from U.S. reports, as they either relate to a period no longer relevant or reflect changes over just one week. In fact, the JOLTs reports provided the dollar with some support (as the number of job openings in September and October exceeded forecasts), but we essentially saw the same movements as in the previous few days. Regarding Andrew Bailey's speech, the BoE's head did not announce anything significant. As a result, the pair corrected for the fourth consecutive day within the upward trend, but it has not yet settled below the trend line. Therefore, upward movement may resume, especially with today's FOMC meeting.

5M Chart of the GBP/USD Pair

On the 5-minute timeframe, three trading signals were formed on Tuesday. Of course, all three left much to be desired. The signals themselves were fairly decent, but market movements remain very weak. First, the pair settled above the area of 1.3319-1.3331, then below this area, and finally, it bounced from it below. In each of the three cases, the price moved in the needed direction by no more than 20 pips.

How to Trade on Wednesday:

On the hourly timeframe, the GBP/USD pair continues to form a local upward trend. As we mentioned earlier, there are no global factors driving medium-term dollar growth; thus, we expect movement only to the upside. The correction/flat on the daily timeframe may not yet be complete, but any local upward trend on the hourly timeframe could signal a resumption of the global trend. The FOMC meeting this week may help establish an upward trend.

On Wednesday, beginner traders may again anticipate the formation of trading signals in the 1.3319-1.3331 range. A settlement above this area will open new long positions with a target at 1.3413. A bounce from it will lead to short positions with a target of 1.3259-1.3267. However, it is important to remember that movements throughout the day may again be very weak, while in the evening, they could be strong and unpredictable.

On the 5-minute timeframe, trading can currently be done at levels 1.2913, 1.2980-1.2993, 1.3043, 1.3096-1.3107, 1.3203-1.3212, 1.3259-1.3267, 1.3319-1.3331, 1.3413-1.3421, 1.3466-1.3475, 1.3529-1.3543, 1.3574-1.3590. On Wednesday, no major events are scheduled in the UK, but the FOMC meeting results will be announced in the U.S. in the evening. Jerome Powell will give a speech, and the dot-plot will be released.

Key Rules of the Trading System:

1. The strength of a signal is assessed by the time it takes to form the signal (bounce or breakout). The less time it takes, the stronger the signal.
2. If two or more trades were opened near any level based on false signals, all subsequent signals from that level should be ignored.
3. In a flat, any pair can create numerous false signals or none at all. In any case, it's better to stop trading at the first signs of a flat.
4. Trades are opened during the period between the start of the European session and the middle of the American session, after which all trades must be closed manually.
5. On the hourly timeframe, when trading based on signals from the MACD indicator, it is preferable to trade only when good volatility is present, and a trend is confirmed by a trend line or channel.
6. If two levels are positioned too closely to each other (5 to 20 points), they should be viewed as a support or resistance area.
7. After moving 20 pips in the right direction, set the Stop Loss to breakeven.

Chart Explanation:

• Support and Resistance Levels: Levels that serve as targets for opening buys or sells. Take Profit levels can be placed near them.
• Red Lines: Channels or trend lines that reflect the current trend and indicate the preferred direction for trading.
• MACD Indicator (14, 22, 3): A histogram and signal line, a supplementary indicator that can also be used as a source of signals.

Important Note: Significant speeches and reports (always included in the news calendar) can greatly influence the movement of the currency pair. Therefore, during their release, it is advisable to trade cautiously or exit the market to avoid sharp reversals against the preceding movement.

Remember: For beginners trading in the Forex market, it is important to understand that not every trade can be profitable. Developing a clear strategy and practicing money management are keys to long-term trading success.

The material has been provided by InstaForex Company - www.instaforex.com.

How to Trade the EUR/USD Currency Pair on December 10? Simple Tips and Trade Analysis for Beginners

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Analysis of Trades on Tuesday:

1H Chart of the EUR/USD Pair

The EUR/USD currency pair continued its sluggish, almost sideways downward movement on Tuesday. Market volatility has been weak in recent months, and over the last five days, movements have been virtually non-existent. This may be related to the upcoming FOMC meeting, as the market is reluctant to take on risk beforehand, unsure which monetary policy path the central bank will choose in the near term. Alternatively, it could simply be a result of the flat on the daily timeframe that has been ongoing for the sixth consecutive month. It is worth recalling that in September and October, there were no questions regarding monetary policy from the FOMC. Traders understood that the Federal Reserve would be forced to lower the key interest rate to support the labor market. However, during these two months, the US dollar reacted calmly to the easing of policy and even appreciated, which we still consider illogical. Therefore, this evening, we may also observe completely illogical movements. We would not be surprised if the dollar shows growth on a "dovish" FOMC decision this evening.

5M Chart of the EUR/USD Pair

On the 5-minute timeframe, one trading signal to sell was formed yesterday. This signal, in the form of a bounce from the area of 1.1655-1.1666, was created during the European trading session. As a result, the price moved down about 25 pips, allowing for a small profit on this signal. At present, however, expecting large profits is unrealistic given the minimal market volatility.

How to Trade on Wednesday:

On the hourly timeframe, the EUR/USD pair continues to form an upward trend, although the price has overcome the trend line. The overall fundamental and macroeconomic backdrop remains very weak for the US dollar; thus, we anticipate further growth. Even technical factors currently support the euro, as the flat on the daily timeframe persists, and after a reversal near the lower boundary, it is reasonable to expect a rise to the upper boundary.

On Wednesday, beginner traders can again trade from the area of 1.1655-1.1666, as the price has been near this level for five consecutive days. A price bounce from this area below will allow for short positions with a target of 1.1584-1.1591. A consolidation above it will signal a long position targeting 1.1745.

On the 5-minute timeframe, levels to consider include 1.1354-1.1363, 1.1413, 1.1455-1.1474, 1.1527-1.1531, 1.1550, 1.1584-1.1591, 1.1655-1.1666, 1.1745-1.1754, 1.1808, 1.1851, 1.1908, and 1.1970-1.1988. On Wednesday, no interesting events or reports are scheduled in the EU, while the results of the last FOMC meeting of the year will be announced in the US.

Key Rules of the Trading System:

1. The strength of a signal is determined by the time it takes to form the signal (bounce or breakout). The less time required, the stronger the signal.
2. If two or more trades were opened near any level based on false signals, all subsequent signals from that level should be ignored.
3. In a flat, any pair may form numerous false signals or none at all. At the first signs of a flat, it is better to stop trading.
4. Trades are opened during the period between the beginning of the European session and the middle of the American session, after which all trades should be closed manually.
5. On the hourly timeframe, it is preferred to trade only when there is good volatility and a trend confirmed by the trend line or channel, using signals from the MACD indicator.
6. If two levels are too close to each other (5 to 20 pips), they should be viewed as a support or resistance area.
7. Upon moving 15 pips in the right direction, set the Stop Loss to breakeven.

Chart Explanations:

• Support and Resistance Levels: Levels that serve as targets for opening buys or sells. Take Profit levels can be placed near them.
• Red Lines: Channels or trend lines that reflect the current trend and indicate the preferred direction for trading.
• MACD Indicator (14, 22, 3): A histogram and signal line; a supplementary indicator that can also be used as a source of signals.

Important Note: Significant speeches and reports (always included in the news calendar) can greatly influence the movement of the currency pair. Therefore, during their release, it is advisable to trade cautiously or exit the market to avoid sharp reversals against the preceding movement.

Remember: For beginners trading in the Forex market, it is important to understand that not every trade can be profitable. Developing a clear strategy and practicing money management are keys to long-term trading success.

The material has been provided by InstaForex Company - www.instaforex.com.

Despite the potential for a limited correction, Silver still has a strengthening bias.

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[Silver]

With both EMAs still in a Golden Cross formation, the trend for Silver likely remains upwards, despite the potential for a limited correction where it is confirmed by the appearance of a Bearish Divergence on the RSI(14).

Key Levels

1. Resistance. 2 : 62.853

2. Resistance. 1 : 61.737

3. Pivot : 59.658

4. Support. 1 : 58.542

5. Support. 2 : 56.463

Tactical Scenario:

Positive Reaction Zone: If the price breaks above 61.737, Silver will likely continue to strengthen up to 62.853.

Momentum Extension Bias: If 62.853 is broken, there is potential for Silver to test the level at 64.932.

Invalidation Level / Bias Revision:

The upside bias weakens if the price of Silver declines and breaks down below 56.463.

Technical Summary:

EMA(50) : 59.706

EMA(200): 58.412

RSI(14) : 64.68 + Bearish Divergent

Economic News Release Agenda :

Tonight from the United States, the following economic data will be released:

US - Employment Cost Index q/q - 20:30 WIB

US - Crude Oil Inventories - 22:30 WIB

US - Federal FED Fund Rate - 02:00 WIB

The material has been provided by InstaForex Company - www.instaforex.com.

Platinum on Wednesday, December 10, 2025, still has a strengthening bias despite the appearance of a Bearish Divergence on

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[Platinum]

Although the RSI(14) indicator is in the Neutral-Bearish level and a Bearish Divergence has appeared, both EMAs are still in a Golden Cross formation, which indicates that there is potential for a limited correction. However, the bias for Platinum remains strengthen.

Key Levels

1. Resistance. 2 : 1754.0

2. Resistance. 1 : 1730.5

3. Pivot : 1687.5

4. Support. 1 : 1664.0

5. Support. 2 : 1621.0

Tactical Scenario:

Positive Reaction Zone: If the price of #PLF strengthens and breaks above 1730.5, Platinum has the opportunity to test the level at 1754.0.

Momentum Extension Bias: If 1754.0 is broken, there is potential for the price to reach 1797.0 afterward.

Invalidation Level / Bias Revision:

The upside bias weakens if the price of Platinum declines below 1621.0.

Technical Summary:

EMA(50) : 1684.5

EMA(200): 1667.9

RSI(14) : 47.28 + Bearish Divergence

Economic News Release Agenda :

Tonight from the United States, the following economic data will be released:

US - Employment Cost Index q/q - 20:30 WIB

US - Crude Oil Inventories - 22:30 WIB

US - Federal FED Fund Rate - 02:00 WIB

The material has been provided by InstaForex Company - www.instaforex.com.

Trading Recommendations and Deal Analysis for GBP/USD on December 10. Pound at a Critical Point

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Analysis of GBP/USD (5M)

The GBP/USD currency pair continued its sluggish decline on Tuesday, similar to its "older sister" – the EUR/USD pair. In general, the British pound's positions currently appear more convincing than those of the European currency, and the technical picture is clearer. The British currency continues to trade above the trendline and the Kijun-sen line. Therefore, the upward trend is undoubtedly maintained. Of course, this evening it could easily turn into a downward trend if the market considers the results of the FOMC meeting to be "hawkish." It is difficult for us to say how a decrease in the key interest rate and the unconditionally "dovish" prospects for 2026 can be interpreted in a "hawkish" manner, but we remind you that the last two rounds of monetary policy easing by the FOMC have provoked... a strengthening of the US dollar. Therefore, anything is possible this evening.

On a technical level, we continue to consider the euro and the pound in tandem. On the daily timeframe, the European currency remains flat, suggesting the pound is unlikely to slide much further. The European currency has entered a new phase of growth within the sideways channel, suggesting the British pound could also continue its upward movement. In any case, it is not sensible to speak of a downward trend on the hourly timeframe until a settlement below the trend line and critical line occurs.

On the 5-minute timeframe, yesterday, signals formed similarly to those of the EUR/USD pair. The price settled below the level of 1.3307 during the U.S. trading session, but was it worth opening short positions when the critical line was located 30 pips lower?

COT Report

COT reports on the British pound show that in recent years, the mood of commercial traders has been constantly changing. The red and blue lines, which reflect the net positions of commercial and non-commercial traders, frequently cross and are mostly close to the zero mark. Right now, they are at practically the same level, indicating a roughly equal number of long and short positions.

The dollar continues to decline due to Donald Trump's policies, as is clearly visible on the weekly timeframe (illustration above). The trade war will continue in one form or another for a long time. The FOMC will, in any case, lower the rate in the next 12 months. Demand for the dollar will inevitably fall. According to the latest COT report (dated October 28) for the British pound, the "Non-commercial" group opened 7,000 BUY contracts and 10,500 SELL contracts. Thus, the net position of non-commercial traders decreased by 3,500 contracts over the week. However, this data is now outdated, and no fresh data is available.

In 2025, the pound rose significantly, but it should be understood that the reason is one: Donald Trump's policies. As soon as this reason is neutralized, the dollar may begin to appreciate, but no one knows when this will happen. It does not matter how rapidly the net position on the pound is growing or falling (if it is falling). For the dollar, it is declining in any case, and typically at a higher pace.

Analysis of GBP/USD (1H)

On the hourly timeframe, the GBP/USD pair continues to form an upward trend. We believe that medium-term growth will continue regardless of the local macroeconomic and fundamental backdrop, and that the correction on the daily timeframe will eventually conclude. Or has already concluded. However, in December, much will depend on US labor market data, unemployment, and inflation, which will determine the next vector of FOMC monetary policy.

For December 10, we highlight the following important levels: 1.2863, 1.2981-1.2987, 1.3042-1.3050, 1.3096-1.3115, 1.3201-1.3212, 1.3307, 1.3369-1.3377, 1.3420, 1.3533-1.3548, 1.3584. The Senkou Span B (1.3231) and Kijun-sen (1.3279) lines may also be sources of signals. It is recommended to set the Stop Loss level to break-even when the price moves in the correct direction by 20 pips. The lines of the Ichimoku indicator may shift throughout the day, which should be taken into account when determining trading signals.

On Wednesday, no interesting events or reports are scheduled in the UK, so all market attention will be focused on the evening FOMC meeting, Jerome Powell's speech, and the publication of the dot-plot economic projection graph. The dot-plot graph reflects the expectations of Monetary Committee members regarding interest rates for the next two years. Thus, this graph demonstrates changes in the FOMC's sentiment.

Trading Recommendations:

Today, traders may consider selling if the price settles below the Kijun-sen line again, targeting 1.3231. Long positions will become relevant if there is a bounce from the trend line or Kijun-sen line, targeting 1.3369-1.3377.

Illustration Explanations:

• Price Levels (Support/Resistance): Thick red lines where movement may end. They are not sources of trading signals.
• Kijun-sen and Senkou Span B Lines: Indicates strong levels when applied to the hourly timeframe from the 4-hour timeframe.
• Extreme Levels: Thin red lines where the price has previously bounced. They serve as sources of trading signals.
• Yellow Lines: Trendlines, trend channels, and any other technical patterns.
• Indicator 1 on COT Charts: Represents the net position of each trader category.

The material has been provided by InstaForex Company - www.instaforex.com.