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FX.co ★ EUR/USD analysis for December 12, 2018

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Forex Analysis:::2018-12-12T11:24:45

EUR/USD analysis for December 12, 2018

EUR/USD analysis for December 12, 2018

Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1350. Anyway, according to the M15 time – frame, I found that EUR/USD is trading above the Ichimoku cloud and that price couldn't sustain below the weekly support 1 (1.1318), which is a sign of the strength. There is also a double top (bullish pattern) on the point and figure chart, which is another sign of the strength. My advice is to watch for buying opportunities. The upward target is set at the price of 1.1370.

Analyst InstaForex
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