EUR/USD Daily Forecast – 23 December

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Tuesday, Dec 22 2015

Euro was pushed higher in the course of the yesterday's session, though there were no major data releases. Pair formed support around 1.09 handle, which could hold tomorrow as well. However, pair remain in consolidation between 1.08 and 1.1050 handle so we would not place any larger bids at the moment. As for tomorrow, we would pay attention to US Durable Goods Orders figures.

Pair is likely to find support around 1.09 handle and resistance above 1.1020 level so these would be our short-term buying and selling points. In long-term trends we would remain on the sidelines at the moment as there is no clear trend and with holiday season coming we cannot expect any larger movements. Until we see either break below 1.08 or above 1.11 handle we would only consider short-term trading.

More in this category: « GBP/USD Daily Forecast – 23 December AUD/USD Daily Forecast – 24 December »

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