EURUSD Forecast And Technical Analysis Dec 6th

It is obvious that the market is in ” wait and see” mode. We do not have a “busy economic calendar” today. U.S ADP will be released ahead of Friday’s Nonfarm Payroll report.

Focus is the ” Rate Hike ”

On the political front, the US debt ceiling issue and a possible government shutdown next Friday began sounding, although the tax reform project keeps advancing through the Houses.

EURUSD Forecast

It would be better to look and analyze the hourly chart of EURUSD.

The pair tested 1.18000 and bounced back. The current level is 1.18300.