EUR USD Forecast: Daily Technical Analysis for December 8, 2016
EUR USD Technical Overview
Prev. Close 1.0755
Day’s Range 1.0749 – 1.0785
52 wk Range 1.0503 – 1.1616
1-Year Return – 1.29%
Technical Support and Resistance
Yesterday EURUSD pair had very little improvement. Almost allday eur usd pair conoslidate. Due to Usd weakness EUR goes above 1.0750. The pair seems to be resting and consolidating itself in anticipation of the ECB rate and the ECB Press conference later on today.
EUR USD forecast for today: Let’s outline on the EUR/USD technical analysis, the EUR/USD pair will find its immediate support at 1.0747. If, market breaks the first support then it will go for the following support to test. Following supports are 1.0741 and 1.0736. On the other side, we found immediate resistance at 1.0759 from our EUR/USD technical analysis. If, market breaks the primary resistance level then, for sure market will go for the new resistance level 1.0765 and 1.0770.
Along with technical analysis following keep eye on the following economical events.
Upcoming Important Economic News in EUROPE: (GMT +5.30)
- 1.6:15pm EUR Minimum Bid Rate
- 2.7:00pm EUR ECB Press Conference
- 3.7:00pm USD Unemployment Claims
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