Outlook on EUSR/USD for December 8, 2020

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Outlook on EUSR/USD for December 8, 2020

Outlook on EUSR/USD for December 8, 2020

Outlook on EUSR/USD for December 8, 2020

EUR/USD

There is an instability in the movement of the pair.

In case of an upward movement, you may consider purchases from 1.2180.

Meanwhile, for the downward trend, you may sell from 1.2075.

You can keep purchases from 1.2000 and above.

Nonetheless, there is a bigger chance that the pair may exhibit an upward trend.

The meeting of the ECB and the news from the US on Thursday is likely to greatly affect the movement of the pair.

The material has been provided by InstaForex Company – www.instaforex.com

Source : https://www.fx.co/forex_analysis/quickview/265709/