EUR/USD Fundamental Analysis: December 26, 2018
The euro major pair began with a lead over the dollar for this week due to various negative reasons such as high tensions with the US government tension concerning the White House and the Federal Reserve. Trading has been calmed during the Asian session amid the holiday season with the majority of the market are closed. Yet, bull traders are heedful given various factors such as geopolitical concerns and a sluggish economy that prompts investors to be careful with the thin market trading and European markets closed and internal crisis with the US.
There is no expected macroeconomic data to influence trading even for just a short period of time that has also put a limit to liquidity in the market. The EUR/USD pair is presumed to resume its bullish trading in favor of the greenback across the trading hours. Meanwhile, investors are focus on the US CB Consumer Confidence data and new home sales data scheduled to be released on Thursday, followed by the German CPI data on Friday that may give short-term opportunities.
The pair continues to move higher for the week on a broad-based weaker dollar but may face a strong resistance that may be difficult to surpass because of lack of momentum in the market. Technical trading continues to move with not much changes since the beginning of the week.
The euro major pair began with a lead over the dollar for this week due to various negative reasons such as high tensions with the US government tension concerning the White House and the Federal Reserve. Trading has been calmed during the Asian session amid the holiday season with the majority of the market are closed. Yet, bull traders are heedful given various factors such as geopolitical concerns and a sluggish economy that prompts investors to be careful with the thin market trading and European markets closed and internal crisis with the US.
There is no expected macroeconomic data to influence trading even for just a short period of time that has also put a limit to liquidity in the market. The EUR/USD pair is presumed to resume its bullish trading in favor of the greenback across the trading hours. Meanwhile, investors are focus on the US CB Consumer Confidence data and new home sales data scheduled to be released on Thursday, followed by the German CPI data on Friday that may give short-term opportunities.
The pair continues to move higher for the week on a broad-based weaker dollar but may face a strong resistance that may be difficult to surpass because of lack of momentum in the market. Technical trading continues to move with not much changes since the beginning of the week.