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FX.co ★ EUR/USD analysis for December 10, 2018

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Forex Analysis:::2018-12-10T10:54:38

EUR/USD analysis for December 10, 2018

EUR/USD analysis for December 10, 2018

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1442. Anyway, according to the M15 time – frame, I found that there is a fake breakout of Friday's high at the price of 1.1424, which is a sign of weakness. I also found that price made a bearish break of the Ichimoku cloud, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1360 and the price of 1.1322.

Analyst InstaForex
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