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EUR/USD Technical analysis 26 December 2018

2018-12-26 12:20 am | Resource: Technical Analysis | No Views : 187

Time frame Used - four hours
The EURUSD is moving in a sideway direction in the near term.
EUR/USD CHART
The conflict between bears and bulls remains on the EURUSD pair as the EURUSD has rebounded above level of 1.1401 trying to stability above this level.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to lack of signals.
  Therefore, we expect that the EURUSD will fall back to level of  1.1350 again and this scenario fails in case of  stability above of  1.1401.
  The alternative scenario is that the EURUSD retested levels of 1.1484-1.1500.
Recommendation
Our view is currently neutral for the EURUSD pair.
The fundamental overview
• On the economic data level, there is no data and a strong impact on the euro area and the US dollar.
Resistance: 1.1400 - 1.1484 - 1.1500
Support: 1.1350 - 1.1300 - 1.1296
Direction: sideway
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