EUR/USD is in a bullish mood

13 December, 2018

  • Prev Open: 1.13160
  • Open: 1.13681
  • % chg. over the last day: +0.50
  • Day's range: 1.13799 – 1.13850
  • 52 wk range: 1.1214 – 1.2557

EUR/USD is in a bullish mood. Yesterday, the quotes grew by more than 80 pips. The USD is under pressure due to the weak inflation reports. Positions should be opened from the currency support and resistance levels 1.13700 and 1.14000. Investors are waiting for the ECB meeting. You should keep an eye on its results, as well as the comments made by the ECB representatives.

The Economic News Feed for 13.12.2018:

- ECB decision on key interest rate (EU) – 14:45 (GMT+2:00);

EUR/USD

The price fixed below 50 MA and 200 MA which indicates the power of the buyers.

MACD is in the positive zone above the signal line, which gives a strong signal to buy EUR/USD.

The Stochastic Oscillator is in the neutral zone, the %K line is above the %D line, which indicates a bullish mood.

Trading recommendations
  • Support levels: 1.13700, 1.13400, 1.13100
  • Resistance levels: 1.14000, 1.14300

If the price fixes above the round 1.14000, expect further growth towards 1.14500-1.14750.

Alternatively, the quotes can descend to 1.13500-1.13300.


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