4h
The EUR / USD currency pair completed a quotation from the Fibo level of 23.6% - 1.1358 and a turn in favor of the European currency. As a result, on December 26, the growth process can be continued in the direction of the correction level of 38.2% - 1.1446. Rebounding the pair's quotations from the Fibo level of 38.2% will allow traders to expect a reversal in favor of the US currency and a slight drop in the direction of the correction level of 23.6%. There is no indicator of the emerging divergences today.
The Fibo grid is built on extremes from September 24, 2018, and November 12, 2018.
Daily
On the 24-hour chart, the pair, after rebounding from the correctional level of 127.2% - 1.1285, continues the growth process in the direction of the Fibo level of 100.0% - 1.1553. Overcoming divergences today are not observed in any indicator. Rebounding the pair's quotes from the correction level of 100.0% will work in favor of the US currency and return to the Fibo level of 127.2%. Fixing the pair under the level of 127.2% will increase the probability of a further fall in the direction of the next 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:
You can make purchases of the EUR / USD pair with a target of 1.1515 and a Stop Loss order below the Fibo level of 38.2% if the pair closes above 1.1446.
Sales of the EUR / USD pair can be carried out with the target of 1.1358 with a Stop Loss order above the Fibo level of 38.2% if the pair rebounds the correction level of 1.1446 (hourly chart).
