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EUR/USD Forecast December 11, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 11 December 2015 08:46 UTC

The EUR/USD pair fell during the day on Thursday, as we slammed into the 1.10 handle. This is an area that should be resistive due to the fact that we have a nice cluster extending all the way to the 1.11 handle during the month of October he here, but we also have the 100 day exponential moving average and the previous uptrend line from the ascending triangle. With that, it’s very likely that we will continue to bounce around between the 1.08 and the 1.10 handle, meaning that we need to see an impulsive candle in one direction or the other to continue trading this market.

EUR/USD Forecast December 11, 2015, Technical Analysis

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