Rozen Trading: USD Gaining Strength

Friday, December 18, 2015

USD Gaining Strength

The US Dollar posts new earnings in today's trading session. After the FED decision to raise rates, the Greenback is witnessing good support pushing the EUR below 1.08.

With this pace a break below 1.0790 could lead to an attempt to test first support zone at 1.0760. If this level does not hold, price is bound to go to 1.0630.

Currently, the EUR/USD is trading at 1.0815. Today is a non-event day, which means that there will be no market movers and shakers. Enjoy your weekend!

Chart: EUR/USD D1

7 comments:

UnknownDecember 18, 2015 at 5:54 PM
1.0800 proved to be a strong resistance but next week it might break below that level.
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UnknownDecember 18, 2015 at 6:08 PM
In a wide consolidation!
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UnknownDecember 18, 2015 at 7:58 PM
I agree with your assessment.
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UnknownDecember 18, 2015 at 8:15 PM
Thank you for the analysis i'll keep an eye on it.
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UnknownDecember 18, 2015 at 9:53 PM
Great analysis!
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UnknownDecember 20, 2015 at 6:34 PM
Very useful analysis.
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UnknownDecember 20, 2015 at 10:41 PM
The pair is still in the range.
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