EURUSD Daily Forecast Dec 18 2015

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Outlook in EURUSD remains neutral with risk to the downside as long as 1.0890 resistance holds on a daily closing basis, support comes at the 1.0795/1.0762 levels, a halt is likely, but a cut would open 1.0688 next where a rebound is suggested & likely, however, further down support comes at the 1.0635 levels…

On the upside, resistance comes at the 1.0890 levels, a clear break would open 1.0890 next, above 1.0890 will restore the upside momentum and open the 1.1095 levels…

Conclusion: The EURUSD continues to consolidate with downside risk below the 1.0890 levels…

EURUSD Daily Forecast Dec 18 2015

MARKET DATA

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