EUR/USD FORECAST – 02nd – 06th January, 2023. – Forex Trading Tips.

As the year comes to a finish, the EUR/USD exchange rate remains over 1.0650. Earlier, it had risen as high as 1.0700 before slightly falling down. Despite a lack of fundamental factors, the US Dollar's loss on the final trading day of the year appears to be aiding the pair in maintaining positive territory.

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

USD - ISM Manufacturing PMI (Dec) – Wednesday at 15:00

USD - FOMC Minutes - Wednesday at 19:00

USD - ADP Employment Change (Dec) – Thursday at 13:15

EUR – (GER) Retail Sales (YoY) (Nov) – Friday at 07:00

EUR - Core Harmonized Index of Consumer Prices (YoY) (Dec) – Friday at 10:00

EUR - Harmonized Index of Consumer Prices (YoY) (Dec) – Friday at 10:00

EUR - Retail Sales (YoY) (Dec)  – Friday at 10:00

USD - Nonfarm Payrolls (Dec) – Friday at 13:30 

USD - ISM Services PMI (Dec) – Friday at 15:00 

 

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

 

Resistance Levels

1.0735

 

Support Levels

1.0625

1.0600

1.0580

1.0500

 

Our forecast is Bearish for the EUR/USD pair.