EURUSD Daily Forecast Dec 09 2015

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The EURUSD continued its bullish momentum yesterday, bottomed at the 1.0829 levels, topped at the 1.0901 levels. This development leaves the pair targeting the 1.1000 levels, a halt is likely, but a break would open 1.095 next, further upside, resistance comes at the 1.1300/1.1350 levels.

On the downside, support comes at the 1.0829 levels, below this level faces a pullback risk towards the 1.0688 levels where a rebound is likely, further down, support comes at the 1.0635/1.0563 levels…

Conclusion: The EURUSD continues to consolidate with upside risk above the 1.0830 levels…Stability above the 1.0900 levels will accelerate the expected bullish move…

EURUSD Daily Forecast Dec 09 2015

 

 

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