EUR/USD, AUD/USD, GBP/USD and USD/JPY Daily Outlook – December 27, 2017

By:

Published: Dec 27, 2017, 08:22 UTC

EUR/USD The pair rallied significantly during the Tuesday's session after initially falling as it hovered around the 118.50 level. The lack of liquidity

EUR/USD

The pair rallied significantly during the Tuesday’s session after initially falling as it hovered around the 118.50 level. The lack of liquidity during this part of the year due to the holiday season lead to some volatile sessions. If the pair manages to break above the 1.19 level in short term, it will take the market further higher around 1.21 level. Overall the sentiments of this market is bullish and long-term target for the pair remains at 1.32 level. Any pullbacks in the market will be a nice buying opportunity. …Read More

GBP/USD

The British Pound moved a little during the Tuesday’s session as it found buyers underneath. Overall the session was extremely quiet and the pair traded on a tight range. The 1.333 level underneath is going to be very important level and if it breaks from there, then the next support will be around 1.31 level. Going forward, the market is expected trade will a positive bias with a target of 1.35 level next few session. …Read More

AUD/USD

The AUD went sideways during most part of the Tuesday’s session but then moved higher a bit. The market, in general, is going to be silent over the next couple of session until the New Year when the volume in the market drops significantly. The 0.7650 level underneath will be the immediate support for the market and it manages to break above 0.77 level then it will move towards the 0.78 level. …Read More

USD/JPY

The USD drifted a little lower during the Tuesday’s session reaching down towards the 113.25 level. Lack of volume in particularly this part of the year keeeur/up the market volatile and also is restricts from any big movements. The 113 level and 112 level underneath is going to be very supportive and any pullbacks continue to offer value. If the pair manages to break above the 115 level, then this market will continue to move higher. …Read More

About the Author

Colin Firstauthor

Colin specializes in developing trading strategies and analyze financial instruments both technically and fundamentally. Colin holds a Bachelor of Engineering From Milwaukee University.