EUR/USD consolidates around 1.13400

14 December, 2018

  • Prev Open: 1.13681
  • Open: 1.13595
  • % chg. over the last day: -0.04
  • Day's range: 1.13363 – 1.13649
  • 52 wk range: 1.1214 – 1.2557

The financial market participants are evaluating the results of the ECB meeting. The regulator, as expected, kept the fundamental parameters of the monetary policy at the previous levels. The Bank of Europe is concerned by the risks on the external markets and therefore adjusted its EU GDP growth prospects for 2018-2019 to the worse. The EUR/USD currency pair is consolidating around 1.13400-1.13650. Positions should be opened from these levels. Important economic reports will be published today.

The Economic News Feed for 14.12.2018:

  • - Manufacturing PMI in Germany (EU) – 10:30 (GMT+2:00);
  • - Several Reports on Business Activity (EU) – 11:00 (GMT+2:00);
  • - Retail Sales Reports (US) – 14:45 (GMT+2:00);

There are no precise signals: 50 MA has crossed 200 MA.

MACD histogram is around 0.

The Stochastic Oscillator is in the neutral zone, the %K line crosses the %D line. There are no signals at the moment.

Trading recommendations
  • Support levels: 1.13400, 1.13100
  • Resistance levels: 1.13650, 1.13900, 1.14150

If the price fixes below the support level of 1.13400, you should look into opening short positions. The price will move toward 1.13000-1.12800.

Alternatively, the quotes can grow to 1.13900-1.14150.


Source link   Presented by JustForex

EURUSD moving towards balance line

The EURUSD pair is currently trading at 1.1142. Since we got a false breakout of the channel's lower boundary, we expect the pair to inch upwards...

EURUSD: reversal expected

On Tuesday the 13th of August, trading on the EURUSD pair closed down. Volatility was high during the European and US sessions. Trading...

EURUSD: correction to the trend line

On Tuesday the 6th of August, trading on the euro closed slightly down. The stock market, along with the US dollar, was propped up by the strengthening...


EURUSD taking a breather at 1.12

On Monday the 5th of August, trading on the EURUSD pair closed up. The day's dominant theme was the ongoing trade dispute between the...

Bulls run out of steam at 90th degree

Trading on the safe haven currencies closed up last week, with everything else losing ground. The biggest loser against the US dollar was the pound...

EURUSD looking to revisit 1.1287 high

On Wednesday the 17th of July, trading on the euro closed up against the dollar, recovering about half of the losses incurred on Tuesday...


EURUSD: euro decline continues

On Monday the 15th of July, the euro declined against the dollar, with trading closing slightly lower than the Asian session's opening price...

Euro pressured by rampant Dollar

The Euro was trampled by the Dollar today as investors re-evaluated whether the Federal Reserve will cut interest rates in July...

A test of 1.1181 looks likely while at 1.1258

EUR/USD remains under pressure at the beginning of the week and is flirting with the 55-day SMA in the 1.1230 zone. In the meantime, another...

  


Share it on:   or