EUR/JPY Bulls Hold the Line Above 185: Eyes Locked on 188 Breakout 
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FxWirePro- EURUSD Daily Outlook
EURUSD consolidates in a narrow range between 1.06586 and 1.05700 for the past three days on the Christmas holiday mood. The US dollar index gained momentum on upbeat GDP data. The US economy grew 3.2% between Jul and Sep, above the estimate of 2.9%. Markets eye the US core PCE price index for further direction. It hits an intraday high of 1.06307 and is currently trading around 1.06044.
Technical:
On the higher side, near-term resistance is around 1.0660 and any convincing breach above will drag the pair to the next level of 1.0725/1.0800
The pair's immediate support is at 1.0570, breaking below targets of 1.0500/1.0435.
Indicator (4-hour chart)
Directional movement index – Bullish
It is good to buy on dips around 1.0570 with SL around 1.0500 for a TP of 1.0720.
