Wait | 13 December 2019

13 December 2019, EUR/USD

Wait

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.

Trade Recommendations:

Wait

Imelda Maseno
Analyst of «FreshForex» company
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .