In long-term trends, we would be buyers for this pair, despite this pullback. We expect plenty of support around 1.15 handle, but also plenty of resistance near 1.20 area.
Last modified on Tuesday, 05 December 2017EUR/USD Daily Forecast – 06 December
Euro continued its decline in the course of the yesterday's session going all the way to 1.18 handle where it found some amount of support and managed to rebound slightly in order to finish session above 1.1820 area. As for tomorrow, we would pay attention to ADP job figures. Any type of supportive candles around 1.1780 and 1.1750 area would be short-term buying signal, while resistive candles above 1.1860 and 1.1880 level would be short-term selling opportunity.
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