Forecasts
Forex Guides
Members

EUR/USD Forecast Review 26 Dec 11



Good day forex traders.


Are you trading during this week of festive holidays? In the previous EUR/USD forecast review, Masoud suggested that staying out may be a good choice due to the low volume and liquidity.




Looking at the EUR/USD 15 minutes chart above, we note that the volume is indeed probably low. A forex gap over the weekend have not closed yet and the entire range for the day is only around 30 pips.

From a technical point of view, an immediate target for any bullish momentum may be the 1.3090 region. Having said so, due to the low volume and liquidity conditions, the currency pair may also make unexpected moves such as diving down towards the bottom of the range in an attempt to close the forex gap.

From a fundamental point of view, with better than expected economic data being reported and the extension of the US Payroll tax cut, we should be expecting better sentiments if nothing adverse develops.

If you want to trade, proper money management is definitely a must.

Trade Safely.

Related Forex Articles from the Koala Forex Training College.

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

  • EUR/USD Gold CorrelationEUR/USD Forecast Review 26 Dec 11
  • EUR/USD Forecast Review 26 Dec 11
  • EUR/USD Forecast Review 26 Dec 11
  • EUR/USD Forecast Review 26 Dec 11
  • EUR/USD Forecast Review 26 Dec 11
  • EUR/USD Forecast Review 26 Dec 11
TheGeekKnows