EUR/USD Dec. 23 – Little Movement to Start Week

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EUR/USD ended last week with little activity and this trend is continuing on Monday, as the pair trades in the high-1.36 range in the European session. In the Eurozone, German Import Prices posted a slight gain of 0.1%. Today’s highlight out of the US is UoM Consumer Sentiment. The markets are expecting a strong reading for November, with an estimate of 82.9 points.

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 1.3695 and consolidating at 1.3686. The pair is unchanged in the European session.
  • Current range: 1.3675 to 1.3710.

Further levels in both directions:   EUR USD Daily Forecast Dec. 23rd

  • 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 under strong pressure. 1.3615 is stronger.

EUR/USD Fundamentals

  • 7:00 German Import Prices. Exp. 0.4%, Actual 0.1%.
  • 13:30 US Core PCE Price Index. Exp. 0.1%.
  • 13:30 US Personal Spending. Exp. 0.5%.
  • 13:30 US Personal Income. Exp. 0.4%
  • 14:00 Belgian NBB Business Climate. Exp. -3.9 points.
  • 14:55 US Revised UoM Consumer Sentiment. Exp. 82.9 points.
  • 14:55 US Revised UoM Consumer Inflation Expectations.

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

EUR/USD Sentiment

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About Author

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.

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