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.

Source link   Presented by JustForex

Bears have broken the trend line

On Tuesday the 14th of May, trading on the euro closed down. The EURUSD pair dropped from 1.1243 to 1.1201. The 45th degree provided some...

EUR/USD looks to German CPI

The pair climbs to fresh weekly highs beyond 1.1200. EMU advanced Q1 GDP surprised to the upside. German flash inflation figures next of relevance...

USD bid hgher as new home sales rises

The USD traded higher on Tuesday, rising to a six-week high. The new home sales report showed a 4.5% increase on a month over month basis, beating...

EURUSD expect a test of 1.1230

With a thin market, the bulls managed to push through to 1.1262. A correction occurred within a relatively narrow price range. At the time of writing, the...

EURUSD: the Easter holidays continue

Most of the majors closed last week down against USD. The Swiss franc fell by 1.15%, the Kiwi dollar by 1.12%, the pound by 0.55%, the euro by 0.49%...

EURUSD: bulls have returned to 1.13

On Tuesday the 16th of April, trading on the euro closed down. The EURUSD pair was knocked off its perch of 1.1314 by Reuters, which reported...

EURUSD: bulls ready to test 1.13

On Thursday the 11th of April, trading on the EURUSD pair closed down, with the single currency dropping to 1.1250. To me, this seemed to be...

EURUSD: sideways motion expected

On Wednesday the 10th of April, trading on the euro closed up. Volatility was high on all currency pairs with the euro, especially during ECB President...

EURUSD stabilised at 1.12 ahead of ECB

On Tuesday the 9th of April, trading on the euro closed slightly down. On the back of Brexit rumours and the rising crosses, the EURUSD pair jumped...


Share it on:   or