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Wait | 13 December 2019

13 December 2019, EUR/USD

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Technical Observation

Earlier today, EURUSD gaped significantly to the upper side and is still in an active up trend. We're waiting for a clear sign that the resistance level 1.1195 is broken so that we buy this pair at the lowest possible ratracement, In the meantime, conservative traders should expect a possible 50.0% fib retracement towards 38.2% fib level to pick a possible buy. On its way downwards, the key levels to look for include 1.3155 and 1.1095. A break below 50.0% could mean we're heading even lower towards 61.8% fib level.

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Imelda Maseno
Analyst of «FreshForex» company
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