delivered a solid trading range for speculators the past week, and this coming week could see more consolidated price action because of the holiday season.
The low for the EUR/USD was on Thursday and close to 1.05750 realms, which had come within sight also on Monday. However, the lowest value for the EUR/USD did not become overly violent, and it occurred on Thursday with light holiday trading volumes already happening.If a day trader insists on participating in Forex this coming week, the EUR/USD may have enough value to still pack a punch regarding price action.
Having touched a low of nearly 1.05750, the EUR/USD may create this level as an important support in the coming days. However, thin holiday EUR/USD trading may test the patience of day traders.
Source: Digital Coin News (digitalcoinnews.net)
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