EUR/USD Daily Forecast – 01 December

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Thursday, Nov 30 2017

EUR/USD Daily Forecast – 01 December

Euro initially formed support around 1.18 handle in the course of the yesterday's session and was then pushed higher after Eurozone CPI figures going all the way to 1.1930 area where it found some of resistance and pulled back slightly but managed to finish the session around 1.19 handle. As for tomorrow, we would pay some attention to US Manufacturing PMI figures. Any type of supportive candles around 1.1850 and 1.1830 area would be short-term buying signal, while resistive candles above 1.1950 and 1.1980 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, after this rebound. We expect plenty of support around 1.15 handle, but also plenty of resistance near 1.20 area.

More in this category: « GBP/USD Daily Forecast – 01 December AUD/USD Daily Forecast – 04 December »

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