EUR/USD Daily Forecast – 04 December

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Friday, Dec 01 2017

EUR/USD Daily Forecast – 04 December

Euro was initially pushed lower in the course of the Friday's session going all the way to 1.1850 area where it found some amount of support and was then pushed higher all the way to 1.1930 level which proved to be somewhat resistive at the moment with pair finishing the session around 1.19 handle. On Monday, we expect a less volatile session. Any type of supportive candles around 1.1850 and 1.1830 area would be short-term buying signal, while resistive candles above 1.1930 and 1.1960 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, after recent 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 – 04 December AUD/USD Daily Forecast – 05 December »

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