EUR/USD Daily Forecast – 24 December

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Wednesday, Dec 23 2015

Euro was pushed lower in the course of the yesterday's session mostly due to better than expected US Durable Goods Orders and Consumer Sentiment figures, going once again below 1.09 handle. As for tomorrow, we can expect less volatile session as it is Christmas Eve and there will be no major data releases.

Any type of supportive candles around 1.0850 and 1.0820 level in extension would offer short-term buying opportunity, while resistive candles above 1.0930 level would be short-term selling signal. With holiday season beginning we have no interest in placing any larger bids at the moment, especially since pair is being stuck in consolidation between 1.08 and 1.1050 handle and there is no clear trend at the moment.

More in this category: « GBP/USD Daily Forecast – 24 December AUD/USD Daily Forecast – 25 December »

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