EUR/USD Forecast 31 Dec 12

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Good day forex traders and koalas.

In the previous EUR/USD forecast we noted bearish pressure on the currency pair. The continued Euro Zone uncertainty probably created a drag on the euro currency. The approaching US fiscal cliff deadline was also of concern,

Technical Analysis

Looking at the EUR/USD daily chart above we can see that the price action is slow due to the holiday season. The currency pair is holding above 1.32 for now. There is divergence versus the AUD/USD which dipped due to the Australian budget woes.

Don’t miss the fundamental analysis,

continue on to TheGeekKnows.com for the fundamental analysis of the EUR/USD Forecast Weekly Review to understand more about the underlying market sentiments.