EURUSD Daily Forecast Dec 21 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, 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…

Intraday: According to the 4-hour chart, the pair is neutral, support comes at the 1.0850/1.0820 levels while resistance comes at the 1.0873 levels, below 1.0820 will restore the downside momentum and open the 1.0750/1.0700 levels, a clear break above the 1.0873 levels will pave the way towards the 1.0958/1.1011 levels…

 

EURUSD Daily Forecast Dec 21 2015

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