EUR/USD analysis for December 04, 2018 - ConsultFX

EUR/USD analysis for December 04, 2018


Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1418. According to the H1 time – frame, I found that price is trading above the Ichimoku cloud and that price did breakout of the resistance cluster in the background, which is a sign that buyers are in control. I also found that price is above the cloud on 6 different time – frames, which is another sign of the short – term strength. My advice is to watch for buying opportunities. The upward target is set at the price of 1.1470.

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