EURUSD Daily Forecast Dec 13 2018

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EURO - dollar - 65985-

EURUSD: Sees Consolidation!

The outlook in EURUSD had turned neutral at the moment. Resistance comes at 1.1422 level while support comes at 1.1285 level. A sustained breakout – daily closing – above 1.1422 will turn outlook bullish to 1.1465 level. A halt is likely, it may test 1.1422 before attempts to break above 1.1465. Anyway; above 1.1465 aims 1.1537, further upside, resistance comes at 1.1608 level.

Stability above 1.1360  may push the pair to 1.1422 level.

On the downside, immediate support comes at 1.1285 level. A cut through support restores the downside momentum and opens 1.1215 level, further down, support comes at 1.1155 level.

Conclusion: The EURUSD sees consolidation move within 1.1285/1.1422 range.

Support: 1.1360, 1.1285, 1.1215, 1.1155

Resistance: 1.1422, 1.1465, 1.1537, 1.1608

Key data/events which may affect EURUSD today:

The European Central Bank will announce its benchmark interest rate and publish a rate statement at 12:45 GMT. President Mario Draghi will hold a press conference 45 minutes after the interest rate announcement.

MARKET DATA

UPCOMING ECONOMIC EVENTS