EURUSD Weekly Forecast Dec 14 2015

Medium term outlook in EURUSD has turned neutral at the moment, the pair remains in a recovery mode as long as trades above the 1.0875 levels on a weekly closing basis, but recovery above the 1.0875 levels should be limited by the 1.1104 levels where fall resumption is very likely, however; further upside will extend recovery towards the 1.1466 levels before the next fall…

On the downside, support comes at the 1.0875 levels, below this level faces a fall risk towards the 1.0567/1.0461 levels before the next possible rise, If 1.0461 fails to hold, further down towards the 1.0200 levels will be in sight…

Conclusion: The EURUSD continues to face recovery threats above the 1.0875 levels in the medium term outlook….

For today: As long as 1.0938 support holds on a daily closing basis, short term outlook in EURUSD remains neutral with risk to the upside towards the 1.1042/1.1095 levels, below 1.0938 faces a pullback risk towards the 1.0895/1.0830 levels before the next rise…

 

EURUSD Weekly Forecast Dec 14 2015

MARKET DATA

UPCOMING ECONOMIC EVENTS