EUR/USD Update – 12/12/2017 (09:20am) – by Arjun Lakhanpal

EUR/USD Update – 12/12/2017 (09:20am): EUR/USD stays negative on the charts. Yesterday we saw a small bounce higher – this is expected to remain short lived, and failed circa 1.1810 as expected. The 55 day ma has been eroded BUT we have seen NO close below here (1.1760). A close below 1.1712 the recent low should be enough to negate upside pressure and allow for slippage back to the 1.1553 7th November low.