4h
The EUR / USD currency pair consolidated above the correction level of 76.4% - 1.1423. As a result, on December 21, the growth process can be continued in the direction of the next correction level of 61.8% - 1.1497. Reversing the quotations from the Fibo level of 61.8% will allow traders to count on a reversal in favor of the American currency and a slight drop in the direction of the correction level of 76.4%. Overcoming divergences today are not observed in any indicator.
The Fibo grid is built on extremes from August 15, 2018, and September 24, 2018.
Daily
On the 24-hour chart, the currency pair continues the growth process in the direction of the correctional level of 100.0% - 1.1553, after rebounding from the Fibo level of 127.2% - 1.1285. Rebounding the course of the pair from the correction level of 100.0% will allow traders to expect a reversal in favor of the US dollar and a slight drop in the direction of the correctional level of 127.2% - 1.1285. Fixing quotations above the Fibo level of 100.0% will increase the pair's chances for further growth in the direction of the next correction level of 76.4% - 1.1789.
The Fibo grid is built on extremums from November 7, 2017, and February 16, 2018.
Recommendations to traders:
Purchases of the EUR / USD currency pair can be made with the target of 1.1497 and a Stop Loss order below the Fibo level of 100.0% since the pair completed the closure above the level of 1.1423.
New sales of the EUR / USD currency pair will be possible with the goal of 1.1303 with a Stop Loss order above the Fibo level of 76.4% if the pair closes below the correction level of 1.1423 (hourly chart).
