27.12.2016
EUR/USD

Technical Analysis
Price currently heading towards key level of Support becoming Resistant which is in 1.05170. Last week we may seen price bounce significantly from the support level of 1.03632. The reversal was support by the Candlestick Pattern of BUOB and the divergence of MACD againts price movement. As usual, we should wait for the price reach any key level and confirming with other tools before making any decision.

Fundamental Analysis
Looking ahead to today, we do not have any major economic news from the Eurozone and except for the Consumer Confidence data, which does not cause much volatility usually, from the US, we do not have any other news from the US as well. So, we expect the pair to continue to consolidate with a slight bullish bias but it would require a clean break of 1.05170 for the pair to make any further serious progress.


Source
Metatrader 4
FXEmpire