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Forex today news EurUsd signals, analisys and forecast 12.12.2013

Posted by cahaya  |  at  12/12/2013 02:50:00 AM No comments

Forex today news EurUsd signals, analisys and forecast.


EurUsd today open at 1.3784, moved up 25 point from yesterday open position at 1.3759, close at 1.3785. In technical analysis, EurUsd still flat with bullish trend movement. Eur strong was driven by a combination of money market interest rate hikes and the increasing belief that the European Central Bank will cut interest rates to negative levels.


Resist:    1.3805, 1.3822, 1.3848
Pivot:     1.3778
Support: 1.3752, 1.3735, 1.3708

Our preference: LONG positions @ 1.3799 with 1.3822 & 1.3850 in sight.

Alternative scenario: The downside breakout of 1.3725 will open the way to 1.369 & 1.364.

Comment: the pair is facing a pull back on its new support ahead of further advance. Maybe buying deep become good alternative strategy to trade the market now.

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