- Friday, 15 December 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 18 December – 22 December
Euro was initially pushed lower in the course of the last week, but found some amount of support around 1.1720 area and then rebounded after FOMC interest rate decision going all the way to 1.1850 handle. However, pair was offset by dovish ECB stanzas and pulled back by the end of the week in order to finish the session around 1.1750 area. As for next week, with holiday season coming and with no major data releases we expect a bit steadier session. Any type of supportive candles around 1.17 and 1.1650 area would be short-term buying signal, while resistive candles above 1.18 and 1.2850 level would be short-term selling opportunity.
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- Friday, 15 December 2017
- Weekly Technical Analysis
GBP/USD Weekly Forecast – 18 December – 22 December
Sterling formed support around 1.33 handle in the course of the last week and was then pushed higher going all the way to 1.3460 level mostly being supported by dovish Fed comments, however, pair pulled back on Friday due to Brexit talks showing that there is still a lot of working ahead with pair finishing the session around 1.3320 area. As for next week, we expect less volatility due to holiday season arriving. On a short-term basis, we believe that pair will find some amount of support around 1.3250 and 1.32 area initially next week, while area above 1.3450 handle should offer some amount of resistance.
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- Friday, 15 December 2017
- Weekly Technical Analysis
AUD/USD Weekly Forecast – 18 December – 22 December
Aussie broke higher in the course of the last week, after it initially formed support around 0.75 handle, with pair going all the way near to 0.77 handle being supported by much better than expected Australian job figures. In the end pair slightly pulled back to a weekly closing around 0.7650 area. Next week we expect tighter range trading as there will be no major data releases. Pair is likely to find support around 0.7550 and 0.75 handle, so this would be our short-term buying points, while we can expect some amount of resistance near 0.77-0.7750 handle.
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- Friday, 01 December 2017
- Weekly Technical Analysis
EUR/USD Weekly Forecast – 04 December – 08 December
Euro was initially pushed lower in the course of the last week, but found some amount of support around 1.18 handle and then rebounded in the second part of the week in order to finish the session around 1.19 area. As for next week we would be more focused on US figures, especially NFP report. Any type of supportive candles around 1.1850 and 1.18 area would be short-term buying signal, while resistive candles above 1.1950 and 1.20 level would be short-term selling opportunity.
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