Friday, December 22, 2017

The Euro Dollar remains marble against the US publications :

The EUR / USD is not moving on the Forex following US publications.

On the economic calendar, orders for durable goods core decline by -0.1% against 0.5% expected and 1.3% previously.

Household spending rose 0.6% vs. 0.5% expected and 0.2% previously. Core PCE came in line with expectations at 1.5% y / y after 1.4% previously.

While orders have disappointed, PCE inflation reassures the markets.

On the Forex, EUR / USD remains unchanged and still evolving under the resistance of 1,860.

A rise above the resistance zone of 1.1860 / 1.1880, where a short-term downtrend line also runs, remains necessary to strengthen the pair and possibly favor a movement towards 1.1930 and 1.1960.

Conversely, a break below the 1.1825 / 1.1800 support zone could weaken the Euro Dollar and cause a drop towards 1.1775, 1.1750 and possibly 1.1720.

The EUR / USD is currently trading at 1.1852 on Forex.
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