4h
The EUR / USD currency pair reversed in favor of the euro currency and consolidation above the correction level of 38.2% - 1.1446. Thus, the growth process can be continued on January 2 in the direction of the correction level of 50.0% - 1.1515. Maturing divergences in the current chart are not observed in any indicator. Fixing the pair under the Fibo level of 38.2% will work in favor of the American dollar and resuming the fall in the direction of the correction level of 23.6% - 1.1358.
The Fibo grid is built on extremes from September 24, 2018, and November 12, 2018.
Daily
On the 24-hour chart, the currency pair continues the growth process in the direction of the correctional Fibo level of 100.0% - 1.1553. Resetting the pair from the correction level of 100.0% will allow traders to count on a reversal in favor of the US currency and a slight drop in the direction of the Fibo level of 127.2% - 1.1285. There are no ripening divergences today. Fixing quotes above the Fibo level of 100.0% - 1.1553 will increase the likelihood of further growth in the direction of the next correction level of 76.4% - 1.1789.
The Fib net 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 1.1515 and a Stop Loss order below the Fibo level of 38.2% since the pair completed the closure above the level of 1.1446.
Sales of the EUR / USD currency pair can be carried out with the target of 1.1446 with a Stop Loss order above the Fibo level of 50.0% if the pair bounces off the correction level of 1.1515.
