EURUSD – Daily Analysis – 22nd December, 2016

Date: 22nd December, 2016

Currency Pair: EURUSD

EURUSD pair has able to sustain above strong support zone. The price level 1.0387 is offering the immediate support for today. Below the level we can find other supports at 1.0350 and 1.0319.

On other hand 1.0455 is the 1st resistance for today. A clear uptrend movement will only possible once it breaks the level. If it is broken then 1.0486 will be the next target followed by 1.0523.

EURUSD pair has been trading in a strong support area. In last trading session the pair has unable to cross strong resistance. However we can expect a sharp rise once it crosses 1.0455 resistance.

Today’s Economic Events

Currency Event Impact Actual Forecast Previous
EUR German Import Prices m/m Low 0.2% 0.9%
EUR ECB Economic Bulletin Low
EUR Italian Retail Sales m/m Low 0.4% -0.6%
USD Core Durable Goods Orders m/m High 0.2%
USD Final GDP q/q High 3.3% 3.2%
USD Unemployment Claims High 255K 254K
USD Durable Goods Orders m/m Medium -4.9% 4.6%
USD Final GDP Price Index q/q Low 1.4% 1.4%
USD HPI m/m Low 0.4% 0.6%
USD Core PCE Price Index m/m Medium 0.1% 0.1%
USD Personal Spending m/m Medium 0.4% 0.3%
USD CB Leading Index m/m Low 0.2% 0.1%
USD Personal Income m/m Low 0.3% 0.6%
USD Natural Gas Storage Low -201B -147B

4 Hours Chart

Daily Support And Resistance Levels

Currency Pair S1 S2 S3 R1 R2 R3
EURUSD 1.0387 1.0350 1.0319 1.0455 1.0486 1.0523
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