Majors Daily Forecast Dec 20 2017

EURUSD, Short-Term Bullish But With Caution! GBPUSD: Continues To Consolidate! USDJPY: Remains In Pullback Mode! USDCHF: Bearish Eyes The 0.9800 Levels!

0
61

EURUSD, Short-Term Bullish But With Caution!

As long as 1.1775 support holds on a daily closing basis, the EURUSD remains on the upside to the 1.1882 levels, a halt is likely and it may turn lower from here, but a break will aim the 1.1936 levels, above 1.1936 will pave the way to the 1.2059 levels. Below 1.1775 will aim the 1.1731 levels, below 1.1731 should weaken recent rise and turn the focus on the 1.1677/1.1622 levels.

A failure to hold above 1.1847 on a daily closing basis could mean a return to the 1.1775 levels…

GBPUSD: Continues To Consolidate!

Outlook in GBPUSD has turned neutral, the pair is trapped within 1.3300/1.3475 levels, below 1.3300 sees a fall risk to the 1.3230 levels, a halt is very likely but a cut would open 1.3135 levels, next support comes at the 1.3040 levels. On the upside, above 1.3475 will pave the way to the 1.3550/1.3595 levels…

USDJPY: Remains In Pullback Mode!

The USDJPY remains in a pullback mode as long as trades below 113.55 levels on a daily closing basis, support comes at the 112.21 levels, a halt is likely and it may turn higher from here, but a cut through the 112.21 levels, will aim the 111.63/110.83 levels, further down, support comes at the 110.05 levels. On the upside, resistance comes at the 113.15/113.55 levels, above 113.55 will aim the 114.27/114.87 levels.

Minor support & resistance levels (4-H): 112.54, 112.83, 113.15

USDCHF: Bearish Eyes The 0.9800 Levels!

As long as 0.9916 resistance holds on a daily closing basis, the USDCHF remains on the downside to the 0.9800 levels, a halt is likely and it may turn higher from here, but a cut will aim the 0.7750/0.7708 levels. On the upside, above 0.9916 will reverse risk to the 0.9885/1.0037 levels…

A failure to hold below 0.8838 levels could mean a return to the 0.9816 levels, anyway; EURUSD & USDCHF: daily chart for both suggests possible sideways move…

SHARE
Previous articleBinary Options Setup Dec 18-22 2017
Next articleMajors Daily Forecast Dec 22 2017
HAITHAM653
I’ve been in the fx market since 2007, In this website, I'm gonna share with you the knowledge and the experience that I obtained through the years, I analyze the markets from technical and fundamental perspectives. I cover, short/medium to longer term forecasts, that fits all kind of traders from beginners to professionals, my primary mission is to get the real pulse of the market to our readers.

LEAVE A REPLY

Please enter your comment!
Please enter your name here