EUR/USD Daily Forecast – 12 December

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Monday, Dec 11 2017

EUR/USD Daily Forecast – 12 December

Euro tried to break higher in the course of the yesterday's session, though there were no major data releases, but found resistance above 1.18 handle and pulled back in order to finish the session around 1.1770 level. As for tomorrow, we would pay attention to ZEW Economic Sentiment figures. Any type of supportive candles around 1.1750 and 1.1730 area would be short-term buying signal, while resistive candles above 1.1830 and 1.1850 level would be short-term selling opportunity.

In long-term trends, we would be buyers for this pair, despite recent pullback. 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 – 12 December AUD/USD Daily Forecast – 13 December »

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