EUR/USD analysis for December 18, 2018 - ConsultFX

EUR/USD analysis for December 18, 2018


Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1400. According to the H4 time – frame, I have found the breakout of the resistance trendline and the breakout of the 20-hours balance to the upside, which is a sign that buyers are in control. I also found a confirmed double bottom pattern with a fake breakout on the right side. Watch for buying opportunities. The upward targets are set at the price of 1.1440 and at the price of 1.1470.

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