26.12.202308:59 Forex Analysis & Reviews: Trading plan for EUR/USD and GBP/USD on December 26

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Although US house price data comes out today, the market will not have any impact, even with an acceleration in the growth rate from 6.1% to 6.5%. After all, Europe remains at rest, leaving only the US market in action. Activity will likely lag, albeit not as explicitly as in the case of non-working days in the US. The market will stand still unless unexpected news appears.

EUR/USD surpassed the resistance level of 1.1000, extending the upward trend. For further growth, the pair needs to consolidate above 1.1050. But until then, a fluctuation along the level of 1.1000 may occur.

GBP/USD moves around the level of 1.2700, which indicates a recovery relative to the recent correction. However, in the current situation, volatility may be reduced, leading to a temporary standstill along the control level.

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