EURUSD Daily Forecast Dec 17 2015

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With EURUSD breaking below the 1.0890 levels, the risk has shifted to the downside towards the 1.0830 levels, a halt is likely, but a cut would open 1.0762 next, further down, support comes at the 1.0688 levels…

On the upside, a break back above the 1.0890 levels, will release some pressure and turn the focus on the 1.0980 levels …Next resistance comes at the 1.1095 levels…

Conclusion: The EURUSD continues to consolidate with downside risk below the 1.0890 levels, above 1.0890 faces a recovery risk towards the 1.0980 levels before the next fall…

 

EURUSD Daily Forecast Dec 17 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS