EUR/USD pair steadied around $1.2150 since most of traders left for year-end holidays. In 2015, greenback is expected to continue its strength against the single currency as the European Central Bank is under pressure to proceed with further monetary easing while the Federal Reserve is likely to raise interest rate anytime soon.
In very low liquidity sessions due to year-end and holidays, EUR/USD prices are trading below all Ichimoku indicators supporting further decline in coming weeks. We expect the outlook to remain bearish in 2015 for the pair, so any rally to resistance lines provides opportunities to intraday traders to short the pair with major target at $1.2021.