On Wednesday, the EUR/USD traded between 1.2165 and 1.2220. The pair dropped on the back of strong U.S. Final GDP data which showed a very impressive increase of 5%, higher than the expected 4.3%.
The pair is now ranging due to technical trading. Volatility is low as most major markets have been closed for the Christmas holidays. The European market will remain closed today but the U.S market will open as normal. The movement is slightly sideways. Support is found at 1.2265 and resistance at 1.2255.
The GBP/USD corrected upwards following Tuesday’s drop when the pair reached its lowest price since September 2013, below 1.5500. The fall was caused by strong U.S. GDP data which appreciated the dollar.
The pair is ranging around 1.5550 with low volatility as most markets are closed for holidays. The movement is sideways. Support is found at 1.5485 and resistance at 1.5580.
December 26, 2014 – Forex News
EUR/USD
On Wednesday, the EUR/USD traded between 1.2165 and 1.2220. The pair dropped on the back of strong U.S. Final GDP data which showed a very impressive increase of 5%, higher than the expected 4.3%.
The pair is now ranging due to technical trading. Volatility is low as most major markets have been closed for the Christmas holidays. The European market will remain closed today but the U.S market will open as normal. The movement is slightly sideways. Support is found at 1.2265 and resistance at 1.2255.
GBP/USD
The GBP/USD corrected upwards following Tuesday’s drop when the pair reached its lowest price since September 2013, below 1.5500. The fall was caused by strong U.S. GDP data which appreciated the dollar.
The pair is ranging around 1.5550 with low volatility as most markets are closed for holidays. The movement is sideways. Support is found at 1.5485 and resistance at 1.5580.
Related Posts: