EUR/USD: What to Expect Heading into the End of the Year

Trading Discussion Currencies
1

With the central bank meetings now out of the way, what can we expect from EUR/USD heading into the end of the year?

The currency pair has been trending downwards since May, and a continuation of this trend would be expected given the Fed’s decision to tighten monetary policy while the ECB remained relatively dovish. However, EUR/USD has been consolidating since it posted a false breakdown in late November, and a move in either direction looks possible at the moment.

Check out our latest analyst article for more information on key levels to look out for:

2

The MMs have pushed it higher so that bears get a better entry and today they are going to give us 100 pips south! Hooray! :slight_smile:

1 Like
3

Well, we didn’t get 100 pips south. But it appears that we are indeed within a symmetrical triangle on the daily chart.
See my newest chart.

1 Like