EUR/USD analysis for December 19, 2018 - ConsultFX

EUR/USD analysis for December 19, 2018


Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1408. According to the M30 time – frame, I found that EUR/USD is trading above the daily pivot (1.1366) and above the Ichimoku cloud, which is a sign that buyers are in control. I also found a broken double top formation and rising lows on the point and figure chart, which is another sign of strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.1430 and at the price of 1.1460.

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