Forex Trading Library

EURUSD 2015-12-22

0 136

EUR/USD

1.0924

Having major event risks like the Fed’s and ECB’s decisions behind us now, the EUR/USD is expected to trade sideways into year-end since the economic data calendar is seen to hint a ‘lighter’ tone to market sentiments.

A break to the downside due to the current bearish sentiments maybe more a probability as we look to the above charts for a visual conformation. The Geometric Pivot area marked at 1.0842 would see to prices depreciating further with possible targets at 1.0872, 1.0750 or 1.0722.

  Support Resistence
Level 1 1.0782 1.0902
Level 2 1.0750 1.0928
Level 3 1.0722 1.0963
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