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EUR/USD Forecast December 23, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Wednesday, 23 December 2015 05:55 UTC

The EUR/USD pair broke higher during the course of the session on Tuesday, as we continue to grind a bit higher. This is a market that’s been consolidating though, and we believe it is essentially stuck between the 1.08 level on the bottom, and the 1.1050 level above. Because of this, the market will be a short-term trading opportunity at best. We are buyers of short-term pullbacks that produce short-term supportive candles. We do think eventually we will break out, but as I can be today. Quite frankly, you will have to be quick to trade this choppy market.

EUR/USD Forecast December 23, 2015, Technical Analysis

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