Hello Everyone,
The market is calm and consolidating in a narrow range in the absence of any major economic release and as we are approaching Christmas holidays, we need to continue trading with the previously recommended trade.
EURUSD lost upward pressure in the wake of achieving the 1.0450 territories and pulled back a couple pips in the course of the most recent hours. EURUSD has been in recuperation mode on Wednesday as the greenback confronted benefit taking no matter how you look at it in the wake of hitting multi-year highs the earlier day, However, the dollar recovered ground and dragged EURUSD back to 1.0420 after the arrival of superior to expected existing home deals information.
Technical Analysis:

Technically, the EURUSD remains slightly above the support level of 1.0400 on Wednesday. It edged slightly higher in earlier days of the week to maintain its retracement and to complete the 38.2% retracement 1.0485. The RSI value has shifted higher to 43. Moreover, the pair has a resistance around 1.0566 and 1.0665, while the intra-day support prevails at 1.0391 and 1.0265.

German Import Prices m/m
ECB Economic Bulletin
Italian Retail Sales m/m


Core Durable Goods Orders m/m
Final GDP q/q
Unemployment Claims
Durable Goods Orders m/m
Final GDP Price Index q/q
HPI m/m
Core PCE Price Index m/m
Personal Spending m/m
CB Leading Index m/m
Personal Income m/m
Natural Gas Storage

Daily Trading Range:
1.0550 – 1.03200
Support & Resistance Levels

R3: 1.0612
R2: 1.0546
R1: 1.0505
Pivot Point: 1.0439
S1: 1.0373
S2: 1.0332
S3: 1.0266

Sell Below: 1.0439
Take Profit:
1st @ 1.03785
Stop Loss @ 1.0460

EURUSD - Chart

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.