EUR/USD analysis for December 24, 2018 - ConsultFX

EUR/USD analysis for December 24, 2018


Recently, the EUR/USD pair has been trading sideways at the price of 1.1395. According to the H1 time frame, I found that the price broke through the upward trendline in the background, which is a sign that sellers are in control and that there is a potential change in the trend behavior from bullish to bearish. I also found potential creation of the Head and Shoulders pattern. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1355 and at the price of 1.1270.

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