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Tuesday, 30 December 2014
Daily Technical Analysis

EUR/USD Daily Forecast - 31 December

Euro initially aimed lower during the yesterday's session, but with the decline in oil prices, it managed to rebound, though it found area below 1.22 handle to be too resistive at the moment in order to finish the session few points above 1.2150 level. We can expect a steadier session tomorrow, since it is New Year's Eve. Read more...

Tuesday, 30 December 2014
Daily Technical Analysis

GBP/USD Daily Forecast - 31 December

Sterling once again tested 1.55 handle during the yesterday's session and found it to be supportive enough at the moment in order to rebound and finish the session around 1.5560 level. As for tomorrow we cannot expect any larger movements since it is New Year's Eve, and there will be no major data releases from the UK. Pair is likely to find support around 1.55 handle, area which proved to be supportive for some time now, so this would be our short-term buying point. Read more...

Tuesday, 30 December 2014
Daily Technical Analysis

AUD/USD Daily Forecast - 31 December

Aussie spent most of the yesterday's session in an uptrend, supported by the fall in oil prices, finishing the session above 0.8180 area. As for tomorrow, we would pay attention to China's Manufacturing PMI figures. Weaker than expected data would push Aussie down, but with a support around 0.8130 level, while better than forecasted figures would bring uptrend to above 0.82 handle

Read more...
Monday, 29 December 2014
Daily Technical Analysis

EUR/USD Daily Forecast - 30 December

Euro initially aimed higher during the yesterday's session but area above 1.2220 level once again proved to be too resistive at the moment and with concerns surrounding snap elections which are going to be hold in Greece after unsuccessful parliamentary voting for the president today, euro further declined finishing the session around 1.2150 area. Read more...

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