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EUR/USD Dec. 24 – Steady As French Consumer Spending

EUR/USD  continues to trade quietly ahead of the Christmas holiday. In Tuesday’s European session, the pair is trading in the mid-1.36 range. In the Eurozone,  the only release today is French Consumer Spending. The indicator surprised the markets with a jump of 1.4%. In the US,  there are two key events on the schedule – Core Durable Goods Orders  and New  Home Sales.  The markets are expecting both indicators to show a rise in the November reading.

Here is a quick update on the technical situation, indicators, and market sentiment that moves euro/dollar.

EUR/USD Technical

  • EUR/USD  was steady in the Asian session,  touching  a high of 1.3713 early in the session  and consolidating at 1.3689.  The pair  has edged  lower  in the  European session.
  • Current range: 1.3675 to 1.3710.

Further levels in both directions:   EUR USD Daily Forecast Dec. 24th

  • Below: 1.3675, 1.3615, 1.3525, 1.3440, 1.34, 1.3320, 1.3240, 1.3175 and  1.31.
  • Above: 1.3710, 1.3800, 1.3832, 1.3940 and 1.4036.
  • 1.3710 is the next resistance line. 1.3800 follows.
  • On the downside, 1.3675 is providing weak support.  1.3615 is stronger.

EUR/USD Fundamentals

  • 7:45 French Consumer Spending. Exp. 0.3%. Actual 1.4%.
  • 13:30 US Core Durable Goods Orders. Exp. 0.9%.
  • 13:30 US Durable Goods Orders. Exp. 0.9%.
  • 14:00 US HPI. Exp. 0.5%.
  • 15:00 US New Home Sales. Exp. 449K.
  • 15:00 Richmond Manufacturing Index. Exp. 15 points.

For more events and lines, see the Euro to dollar forecast.

EUR/USD Sentiment


Kenny Fisher

Kenny Fisher

Kenny Fisher - Senior Writer A native of Toronto, Canada, Kenneth worked for seven years in the marketing and trading departments at Bendix, a foreign exchange company in Toronto. Kenneth is also a lawyer, and has extensive experience as an editor and writer.