4h
The EUR / USD currency pair has completed growth to the correctional level of 76.4% - 1.1423 and rebound from it. Thus, a reversal was made in favor of the American currency and a fall began in the direction of the Fibo level of 100.0% - 1.1303. The ripening divergences on December 20 are not observed in any indicator. Fixing the pair over the correction level of 76.4% will work in favor of the euro currency and continuing growth in the direction of the next Fibo level of 61.8% - 1.1497.
The Fibo grid is built on extremes from August 15, 2018, and September 24, 2018.
Daily
On the 24-hour chart, the pair, performing a rebound from the correction level of 127.2% - 1.1285 retains the chances of continued growth in the direction of the correction level of 100.0% - 1.1553. Maturing divergences are not observed on the current chart for any indicator. Fixing a pair of quotations below the Fibo level of 127.2% will work in favor of the US dollar and resuming the fall in the direction of the correction level of 161.8% - 1.0941.
The Fibo grid is built on extremums from November 7, 2017, and February 16, 2018.
Recommendations to traders:
New purchases of the EUR / USD currency pair can be made with the target of 1.1497 and a Stop Loss order under the Fibo level of 100.0% if the pair closes above the level of 1.1423.
Sales of the EUR / USD currency pair can be carried out now with the goal of 1.1303 with a Stop Loss order above the Fibo level of 76.4% since the pair completed the rebound from the correction level of 1.1423 (hourly chart).
