EURUSD 2015-12-22
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 |