EUR/USD FORECAST – 12th – 16th December, 2022. – Forex Trading Tips.

During Friday's American market hours, EUR/USD lost momentum and fell below 1.0550. With Wall Street's key indexes trading flat on the day, however, the pair managed to retreat from the bearish pressure and continues on track to close the week relatively unchanged.

Main events for the week: (All times are in GMT)

EUR - Germany - Harmonized Index of Consumer Prices (YoY)(Nov) – Tuesday at 07:00

USD - Consumer Price Index ex Food & Energy (MoM and YoY)(Nov) – Tuesday at 13:30

USD - Fed Interest Rate Decision – Wednesday at 19:00

USD - Fed's Monetary Policy Statement – Wednesday at 19:00

USD - FOMC Economic Projections – Wednesday at 19:00

USD - FOMC Press Conference - Wednesday at 19:30

EUR - EU leaders summit – Thursday at 00:00

EUR - ECB Monetary Policy Decision Statement - Thursday at 13:15

EUR - ECB Rate On Deposit Facility  - Thursday at 13:15

EUR - ECB Rate On Main Refinancing Operations  - Thursday at 13:15

USD - Retail Sales (MoM)(Nov) - Thursday at 13:30

USD - Retail Sales Control Group (Nov) - Thursday at 13:30

EUR - ECB Press Conference – Thursday at 13:45

EUR - S&P Global/BME Composite PMI(Dec) – Friday at 08:30

EUR - S&P Global/BME Manufacturing PMI(Dec) - Friday at 08:30

EUR - S&P Global Composite PMI(Dec) – Friday at 09:00

Support and Resistance levels for EUR/USD (Technical and Historical levels Analysis) – Forex Trading Tips

Resistance Levels

1.0580

1.0600

1.0630

1.0700

 

Support Levels

1.0540

1.0500

1.0480

1.0450

Our forecast is Bullish for the EUR/USD pair.