EUR/USD Daily Forecast – 15 December

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Thursday, Dec 14 2017

EUR/USD Daily Forecast – 15 December

Euro was initially pushed higher in the course of the yesterday's session, but found area above 1.1860 level to be too resistive at the moment and after ECB press conference pair pulled back all the way below 1.18 handle to a daily closing around 1.1770 area. Tomorrow, we expect less volatile session as there will be no major data releases. 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. 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 – 15 December AUD/USD Daily Forecast – 18 December »

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