Technical picture remains ambiguous

27 December, 2018

  • Prev Open: 1.13890
  • Open: 1.13518
  • % chg. over the last day: -0.33
  • Day's range: 1.13514 – 1.13932
  • 52 wk range: 1.1214 – 1.2557

The EUR/USD technical picture remains ambiguous. The quotes are consolidating, the EUR is testing the local support and resistance levels 1.13700 and 1.14000. The financial market participants are waiting for important stats from the US.


The Economic News Feed for 27.12.2018:

  • Customer Trust Index (US) - 17:00 (GMT+2:00);
  • New Real Estate Sales (US) - 17:00 (GMT+2:00).

The indicators do not provide precise signals, the price has crossed 50 MA and 200 MA.

The MACD histogram is located close to 0.

The Stochastic Oscillator is in the neutral zone, the %K line is below the %D line, which points toward a bearish sentiment.


Trading recommendations

  • Support levels: 1.13700, 1.13300, 1.13000
  • Resistance levels: 1.14000, 1.14350, 1.14750

If the price fixes above the round 1.14000, expect the EUR/USD quotes to grow toward 1.14350-1.14700.

Alternatively, the quotes can descend toward 1.13400-1.13200.


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