EUR/USD trade idea for December 21-25

Last week the EURUSD failed to break down the strong support at 1.08
In our view the 1.08 support line will continue to hold until some good economic news from the US. That might happen this week as there are some high-impact news events.

If that won’t happen the EUR/USD will try to break the 1.0880 resistance. That might be easier…

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Our trade ideas for the upcoming week:

  • BUY-STOP EUR/USD at 1.0880. TP at 1.0975. SL at 1.0805
  • SELL-STOP EUR/USD at 1.0805. TP at 1.0640. SL at 1.088

EURUSD Forecast

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