EUR/USD Daily Forecast – 19 December

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Monday, Dec 18 2017

EUR/USD Daily Forecast – 19 December

Euro formed support around 1.1730 area in the course of the yesterday's session, and was then pushed higher going all the way to 1.1830 level, where it found some amount of resistance and pulled back slightly in order to finish the session around 1.1780 handle. As for tomorrow, we would pay attention to US figures. Any type of supportive candles around 1.1730 and 1.17 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 – 19 December AUD/USD Daily Forecast – 20 December »

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