Forex Guides

EUR/USD Forecast 31 Dec 12

Good day forex traders and koalas.

The year is about to end and I hope you are having a fantastico time! May everyone harvest more pips in 2013!

In the previous EUR/USD forecast we noted bearish pressure on the currency pair. The continued Euro Zone uncertainty probably created a drag on the euro currency. The approaching US fiscal cliff deadline was also of concern,


Technical Analysis

Looking at the EUR/USD daily chart above we can see that the price action is slow due to the holiday season. The currency pair is holding above 1.32 for now. There is divergence versus the AUD/USD which dipped due to the Australian budget woes.

Fundamental Analysis

With the US fiscal cliff yet to be settled, we are seeing a high amount of risk. A positive development may see the EUR/USD going on a rally while a failure to avert the US fiscal cliff may see risk aversion due to fears of recession. Coupled with a low volume condition due to the holiday season, unexpected spikes may happen. Extreme caution is advised. Do remember that watching from the sidelines is an option.

Trade safely.

Invest In Yourself And Get Premium Analysis
Less than 20 cents a day
Major Currency Pairs Analysis
Forex Sentiment Analysis
Understand The Market
10 days money back guarantee

View Subscription Options

Would you like to connect?
Get notifications on new forecasts and articles.

Sign up to our emailing list and get your FREE Stop Losing and Start Winning in Forex Checklist!

Trending Forex Articles

  • EURUSD Weekly ForecastEUR/USD Forecast 31 Dec 12
  • EURUSD WeeklyEUR/USD Forecast 31 Dec 12
  • EUR/USD Forecast 31 Dec 12
  • EUR/USD Forecast 31 Dec 12
  • EUR USD Daily ChartEUR/USD Forecast 31 Dec 12
  • EUR/USD Forecast 31 Dec 12