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EUR/USD Forecast December 7, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 05 December 2015 06:08 UTC

The EUR/USD pair fell slightly during the course of the session on Friday, as the previous uptrend line now is offering quite a bit of resistance. On top of that, the 1.10 level above is a large, round, psychologically significant number. That of course offers quite a bit of resistance based upon that alone, so it is interesting that we struggled at to continue going higher. If we break down below the bottom of the range for the Friday session, we would be sellers. On the other hand, if we can break above the 1.11 level, we would be buyers. In between those 2 areas, we are standing on the sidelines.

EUR/USD Forecast December 7, 2015, Technical Analysis

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