Every important macro data (which have influent on EURUSD) in this year where published. For the first time in 9 years FED raised interest rates but this event had less meaning to EURUSD than predictable ECB. Markets received less than expected however in policy of ECB there wasn’t any changes.
Since December 4 EURUSD moves in consolidation between resistance 1.1050 and support 1.0800. It is likely that for next days until the end of this year price will be inside that consolidation. What is interesting despite divergent policies of both central banks which should make further declines of EURUSD, technically it has a chance on the continuation of upward movement. The falls that occured between December’s top and bottom reached fibo 50% and rebound. Nearest resistances: 1.0950, 1.0980, 1.1030, 1.1050. Nearest supports: 1.0905, 1.0870, 1.0830, 1.0800.
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