country flagالعربية

EUR/USD Technical analysis 31 December 2018

2018-12-30 10:08 pm | Resource: Technical Analysis | No Views : 244

Time frame Used - four hours
The EURUSD is moving in a sideway direction in the near term.
The purchasing power managed to control the movement of the EURUSD to bounce back again to reach to level of 1.1480, Where the EURUSD faces resistance and selling pressure around the resistance levels of 1.1484.
In view of the technical indicators
Both the RSI and the Stochastic are indicating to the arrival of indicators in the overbought area.
  Accordingly, we expect that the EURUSD will retreat to levels of 1.1401-1.1350.
  The alternative scenario is that the EURUSD breach level of 1.1500 to the upside targeting the 1.1550 level.
Our view is currently neutral for the EURUSD pair.
The fundamental overview
• On the economic data level there is no evidence or reports with a strong impact on the euro zone or the US dollar.
Resistance: 1.1484 - 1.1500 - 1.1550
Support: 1.1401 - 1.1350 - 1.1300
Direction: sideway
Technical Analysis
Forex Analysis
Bitcoin News

Other news

Sterling price fell against major with uncertainty due to Brexit

The pound came under pressure against its main rivals at the European session on Wednesday, as concerns over Britain's exit from the European Union intensified after UK lawmakers rejected Prime Minister Boris Johnson's proposed timetable for pushing the deal ahead of the October 31 deadline. Faradkar: Brexit will last for a long time  Irish Prime Minister Leo Faradkar predicted on Wednesday that Britain's pullout from the European Union "will last…

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.