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EUR/USD: Weekly Forecast 11th December – 16th DecemberSubscribeWe commit to never sharing or selling your personal information
Experienced traders understand that reversals are a part of normal market action. What may prove attractive to speculators is the knowledge support levels have incrementally climbed over the past two and a half months.The EUR/USD may not have been able to topple the 1.06000 level last week, but its ability to sustain prices above the 1.05000 ratio is important.
The Forex market is likely to be rather choppy in the coming days as financial houses brace for the potential of sudden surprises, but if economic data remains relatively near expectations, behavioral sentiment may continue to foster an incrementally stronger EUR/USD mid-term.early this coming week and certainly on Wednesday and Thursday.
If the 1.0500 level remains durable early this week that could be a good indicator that financial houses believe the EUR/USD is within an accepted equilibrium which can be tested with polite trading ratios.
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