Technical analysis of EUR/USD for Dec 21, 2017 21.12.2017

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Exchange Rates 21.12.2017 analysis

When the European market opens, some economic data will be released such as Consumer Confidence. On the US dollar’s front, the US will release a series of macroeconomic reports such as Natural Gas Storage, CB Leading Index m/m, HPI m/m, Final GDP Price Index q/q, Philly Fed Manufacturing Index, Unemployment Claims, and Final GDP q/q. So amid the reports, EUR/USD will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVELS:

Breakout BUY Level: 1.1930.

Strong Resistance: 1.1923.

Original Resistance: 1.1912.

Inner Sell Area: 1.1901.

Target Inner Area: 1.1873.

Inner Buy Area: 1.1845.

Original Support: 1.1834.

Strong Support: 1.1823.

Breakout SELL Level: 1.1816.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Performed by Arief Makmur,
Analytical expert
InstaForex Group © 2007-2017

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