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EUR/USD Forecast December 14, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Saturday, 12 December 2015 14:08 UTC

The EUR/USD pair looks as if we are trying to build up enough momentum to continue going higher, which of course would be a very positive sign. If we can get above the 1.11 level, we feel the market is free to go to the 1.14 level after that. It is not until we break down below the 1.3 level that were comfortable selling though, because of the hammer that formed several sessions ago. In the meantime, the market should be rather drastically choppy, and therefore where you wait until we get a move out of this area in order to start putting money to work.

EUR/USD Forecast December 14, 2015, Technical Analysis

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