EUR/USD: indecision dominates the penultimate day trading forex of the year


© Reuters. The Euro displays a profile uncertain this Friday

Investing.com – The evolution of the pair EUR/USD has been quite uncertain for this penultimate day trading forex of the year.

The Euro-Dollar has tried to progress up to the mid-day, marking a peak of 1.1472, before correcting slightly.

A disappointment in Europe, and a great surprise for the USA and the economic calendar

Two statistics released this afternoon explain at least in part, to the decline of the Euro-Dollar this afternoon, including an inflation rate below expectations in Germany according to the preliminary data of the month of December. The CPI is, in fact, stood at 0.1%, against 0.3% expected, fueling fears of a slowdown in inflation in Europe.

In the United States, it is the index Chicago PMI which has been the most important statistic, with an index significantly higher than expectations for the month of December, at 65.4 points against 62 in advance, which may have slightly benefited the Dollar.

Technical update EUR/USD

From a graphical point of view, the profile uptrend that the pair EUR/USD shows in the past two days remaining for the moment in the news, in the face of an area of immediate support at 1.1435, before the psychological threshold of 1.14, under which we may consider as the sellers take control again.

Then, the next supports to watch are at 1.1350, 1.13, 1.1270 and 1.1215, the low annual 2018.

The increase, the peaks of the day, 1.1472 and those of the last week at 1.1485 form a first resistance before the psychological threshold of major 1.15.

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