EUR/USD Price Forecast – Euro Continues Same Consolidation.

As we head into the Christmas holiday, the Euro has all but stopped moving which is to be expected with the lack of liquidity.The Euro has had a very tight range during the trading session on Friday, as one would expect. Traders are not so worried about putting money to work right now, they are more worried about holidays so therefore liquidity becomes a major issue. Currently, the 1.1375 level above is significant resistance, just as the 1.1225 level underneath is significant support. I think we continue to go back and forth between these two levels between now and the beginning of next year. Quite frankly, there is nothing out there to make this pair move that I can see.

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