EUR/USD Daily Forecast – 21 December

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Wednesday, Dec 20 2017

EUR/USD Daily Forecast – 21 December

Euro formed support around 1.1820 level in the course of the yesterday's session, and was then pushed higher going all the way to 1.19 handle where it found some amount of resistance and pulled back slightly in order to finish the session around 1.1870 area. Tomorrow, we would pay more attention to US job figures. Any type of supportive candles around 1.1850 and 1.1820 area would be short-term buying signal, while resistive candles above 1.19 and 1.1930 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 – 21 December AUD/USD Daily Forecast – 22 December »

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