country flagالعربية

EUR/USD Technical analysis 13 December 2018

2018-12-13 12:32 am | Resource: Technical Analysis | No Views : 152

Time frame Used - four hours
The EURUSD is moving in a sideway direction in the near term.
The EURUSD is still trading above level of 1.1300, but is still facing resistance and selling pressure around the 1.1382 level, where uncertainty remains over the euro zone.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the weakness of the indicators as well as the inability of prices to reach the upper boundary of the Bollinger Index.
 Therefore, we expect that the EURUSD will retreat to the 1.1300 level, which by breaking it down the EURUSD will target the levels of 1.1266 - 1.1215, and this scenario would fail if the EURUSD breached level of 1.1382 to upside.
 The alternative scenario is that the EURUSD re-test level of 1.1382 again.
Our view is currently neutral about EURUSD pair.
The fundamental overview
• On the economic data level, the key refinancing report for the Eurozone will be released at 7.45 am GMT, as the ECB Board of Governors takes a decision on interest on major refinancing operations. These operations represent the volume of liquidity in the banking system.
• On the other hand, there are no reports with a strong impact on the US dollar.
Resistance: 1.1382 - 1.1435 - 1.1464
Support: 1.1300 - 1.1269 - 1.1215
Direction: sideway
Technical Analysis
Forex Analysis
Bitcoin News

Other news

Pound Falls and Bank of England Warns of Brexit Postponement

The pound hit lows against its major counterparts on Thursday, and remained in the red as the Bank of England warned that "another period of uncertain uncertainty" over Brexit could lead to a drop in inflation and disrupt demand. The MPC kept the benchmark interest rate at 0.75% and the bond portfolio at £ 435 billion. Bank of England maintains interest rate The Bank of England has decided to keep…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.