EUR/USD Daily Forecast – 26 December

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Saturday, Dec 23 2017

EUR/USD Daily Forecast – 26 December

Euro was initially pushed lower in the course of the Friday's session but found support around 1.1820 area and was then pushed higher in order to finish the session around 1.1860 level. With bank holidays worlwide on Monday and Tuesday there should be no trading. Any type of supportive candles around 1.1850 and 1.1830 area would be short-term buying signal, while resistive candles above 1.1880 and 1.19 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 – 26 December AUD/USD Daily Forecast – 28 December »

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