EUR/USD Daily Forecast – 18 December

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Friday, Dec 15 2017

EUR/USD Daily Forecast – 18 December

Euro was initially pushed higher in the course of the Friday's session, but found area above 1.18 level to be too resistive at the moment and in the end pair pulled back to a daily closing around 1.1750 area which is of course a bearish sign. As for Monday we expect less volatile session as there will be no major data releases. Any type of supportive candles around 1.17 and 1.1680 area would be short-term buying signal, while resistive candles above 1.18 and 1.1820 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 – 18 December AUD/USD Daily Forecast – 19 December »

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