Market Analytics and Considerations
Key points
Technical analysis daily Traders
Date: 16.12.2022
EUR/USD at the moment: 1.0643
The bulls start the single European currency’s trading day today by attempting to take back their holdings. They are able to halt the bearish offensive that began after the potential that the Eurozone would experience a recession increased for the time being. The pair is currently trading at 1.0639, just below the resistance level of 1.0672, and it is probable that an effort to breach through in this level will be made. The EU CPI is a piece of news where more volatility is anticipated today (10:00 GMT).
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