EURUSD Daily Forecast: December 18
EURUSD Forecast
The EURUSD had a bullish momentum yesterday topped at 1.1357. The bias is bullish in nearest term testing 1.1418 area. A clear break and daily close above that area would retest 1.1500 – 1.1550 key resistance area which is a good place to sell with a tight stop loss above 1.1605 (D1 EMA 200) as a clear break and daily close above that area would invalidate the major bearish trend. Immediate support is seen around 1.1315. A clear break below that area could lead price to neutral zone in nearest term testing 1.1270 – 1.1215 key support area which need to be clearly broken to the downside to resume the major bearish trend.
Source: https://fxinstructor.com/blog/eurusd-daily-forecast-december-18-5
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