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What to expect from euro after Christmas holidays?

Thursday, Dec 25 2014
It is Christmas Day markets are being closed in observance and holiday season as officially began, period of less liquidity at the markets. Euro managed to bounce out slightly yesterday finishing the session above 1.22 handle. Expect of economic worries Eurozone has to constantly face with, there are also geo-political factors that have negative impact on euro.
 
The risk of renewed political instability in Greece, just as it is starting to emerge from a debt crisis that called into question the survival of the shared euro currency, is worrying its European Union partners. This is something that could have impact at the beginning of next week as tomorrow we cannot expect any larger movements with most of the European banks being closed in observance of Boxing Day.
 
1.2050 level remains our target for this pair at which point we can expect some bounce out since this is the area from where euro started its uptrend which is now completely  broken.
 
Merry Christmas from Forex Web News Team.
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