EUR/USD Daily Forecast – 29 December

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Thursday, Dec 28 2017

EUR/USD Daily Forecast – 29 December

Euro continued its rally in the course of the yesterday's session going all the way to 1.1960 area after it formed support around 1.19 handle, however, pair found some amount of resistance there and pulled back slightly in order to finish session around 1.1940 level. As for tomorrow, we would pay attention to German and Spanish CPI figures. Any type of supportive candles around 1.1920 and 1.1880 area would be short-term buying signal, while resistive candles above 1.1970 and 1.120 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 – 29 December AUD/USD Daily Forecast – 02 January »

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