Technical analysis of EUR/USD for December 30, 2015

EURUSDH1.png

Overview:

  • According to the previous events, the EUR/USD pair still trades between the levels of 1.0930 and 1.0842.
  • Strong resistance will be formed at the level of 1.0930 providing a clear signal for sell deals with targets seen at 1.0872 and 1.0842.
  • Stop-loss is to be placed above 1.01018.
  • In the short term, strong support will be formed at the level of 1.0791 providing a clear signal for buy deals with a small target seen at 1.0903 in order to retest support.

Notes:

  • We expect a range about 105 pips today.
  • The risk of 70 pips must make profit of 105 pips.
  • The level of 1.0931 will confirm the bearish market.
  • Volatility is 117.50. As a rule, the market is highly volatile if the prior day had a huge volatility.

The material has been provided by InstaForex Company – www.instaforex.com

Tags: