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FX.co ★ Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Tuesday December 19, 2023.

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Forex Analysis:::2023-12-19T10:09:50

Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Tuesday December 19, 2023.

Technical Analysis of Daily Price Movement of EUR/USD Main Currency Pairs, Tuesday December 19, 2023.

With the appearance of the three Bullish Wisemans in the main EUR/USD currency pair, it is clear that Fiber is in a strengthening condition, however, the emergence of the Ascending Broadening Wedge pattern gives an indication that currently the strengthening is starting to strengthen somewhat so that in the next few days EUR/USD still has the potential corrected downwards, where as long as the downward correction is not below the 1.0774 level, EUR/USD still has the potential to catch up to the 1.1018 level which happens to be Wiseman. 3 as the main target.

(Disclaimer)

Analyst InstaForex
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