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EUR/USD Forecast – December 3-7

From forexcrunch.com

EUR/USD tested higher ground but eventually remained almost unchanged as an unconvincing deal was agreed for Greece. After getting very close to long-term downtrend resistance, will the pair break higher or fall? A very busy week awaits us at the beginning of the new month: The ECB’s rate decision and Mario Draghi’s speech are the highlights. Here is an outlook for the main market movers and an updated technical analysis for EUR/USD. Last week, the Eurogroup and the IMF agreed on long term targets for Greece: 124% in 2020, but some details are still missing. One of the pillars of the agreement, the buyback program, ... (full story)

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