EUR/USD analysis for December 03, 2018 - ConsultFX

EUR/USD analysis for December 03, 2018


Recently, the EUR/USD pair has been trading upwards during the Asian session. The price tested the level of 1.1379. Anyway, according to the M30 time – frame, I have found that rejection from the pivot resistance 1 at the price of 1.1375, which is a sign that buying looks risky. I also found the overbought condition on the Stochastic oscillator and MACD oscillator, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1282 (S1) and at the price of 1.1247 (S2).

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