EURUSD Daily Forecast: December 17
EURUSD Forecast
The EURUSD had a bearish momentum last week bottomed at 1.1269. The bias is bearish in nearest term but note that 1.1270 – 1.1215 area is a key/strong support which remains survive for about a month now and need to be broken to the downside to resume the major bearish trend. Immediate resistance is seen around 1.1350. A clear break above that area could lead price to neutral zone in nearest term testing 1.1418 area but as long as stay below 1.1500 I still prefer a bearish scenario at this phase.
Source: https://fxinstructor.com/blog/eurusd-daily-forecast-december-17-5
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