EUR/USD Forecast: Euro could stay in consolidation in near termThe US Bureau of Labor Statistics (BLS) announced on Friday that Nonfarm Payrolls (NFP) in the US rose by 227,000 in November. This reading followed the 36,000 increase reported in October (revised from 12,00 and surpassed the market expectation of 200,000. On a negative note, the Unemployment Rate edged higher to 4.2% from 4.1% in the same period. Finally, the annual wage inflation, as measured by the change in the Average Hourly Earnings, held steady at 4%, coming in above analysts' estimate of 3.9%.

The economic calendar will not offer any high-impact data releases that could influence EUR/USD's action on Monday. Later in the week, November Consumer Price Index (CPI) data from the US could trigger a big reaction in the pair. On Thursday, the European Central Bank (EC will announce its policy decisions after the last meeting of the year.
EUR/USD Technical Analysis

AUD/USD Price Forecast: Bullish reversal move looks likely
The AUD/USD pair finds temporary support and advances to near 0.6420 in Monday’s European session after posting a fresh four-month low near 0.6370 on Friday. The Aussie pair rebounds slightly with investors focusing on the Reserve Bank of Australia’s (RBA) monetary policy decision, which will be announced on Tuesday.

Market experts expect the RBA to leave interest rates unchanged at 4.35% but would temper its hawkish tone as the Australian Q3 Gross Domestic Product (GDP) growth came in weaker-than-expected, a scenario that would be favorable for the Australian Dollar (AUD).

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