EURUSD Daily 30.12.2015

EURUSD Technical Analysis – On the daily time frame we see the pair trading within a pennant, consolidating after the big move on the 3rd of November 2015.

On the downside, we have pennant support at 1.081 zone. Below that and we have the Purple Pivot as potential support.

A break above the pennant we have nearest resistance at 1.11 zone which acted as support on the 4th of September 2015 and 23rd September 2015. We can expect that zone to turn into resistance zone when price reaches that area.

Trade well and good luck!

~ Ardy