FX.co ★ EUR/USD analysis for December 31 2020 - Potential for the ABC completion and further rise towards 1.2300

Manufacturing 51.9

• expected 52.0, prior 52.1

Non-manufacturing 55.7

• expected 56.3, prior 56.4

Composite 55.1

• prior 55.7

All three slipping back a little on the month and still expanding.

Further Development

Analyzing the current trading chart of EURUSD, I found that there is sellers today on the market but that there is also potential for the abc downside correction completion, which is sign for the further rise.

Key Levels:

Resistance: 1,2285 and 1,2300

Support level: 1,2265