Technical analysis outlook - Forex EURUSD - EUR/USD
Sun 16.Dec.2018
Ticker: EURUSD
LAST= 1.13 06
EUR/USD movement during the last few days showed a drop from the recent high price seen on Mon 10.Dec.2018 at 1.1444.
During the next few days the price is expected to go down for 1.12 96 and then to 1.12 65.
On a longer view is expected to continue to be DOWN, and as long as the price is trading Below 1.1345, its recommended to ' BE SHORT ' for a targeted price of around 1.1150 taking in consideration the support levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades above the level 1.13 90
Res_2 = 1.13 34
Res_1 = 1.13 00
Sup_1 = 1.12 76
Sup_2 = 1.12 47
Ticker: EURUSD
LAST= 1.13 06
EUR/USD movement during the last few days showed a drop from the recent high price seen on Mon 10.Dec.2018 at 1.1444.
During the next few days the price is expected to go down for 1.12 96 and then to 1.12 65.
On a longer view is expected to continue to be DOWN, and as long as the price is trading Below 1.1345, its recommended to ' BE SHORT ' for a targeted price of around 1.1150 taking in consideration the support levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades above the level 1.13 90
Res_2 = 1.13 34
Res_1 = 1.13 00
Sup_1 = 1.12 76
Sup_2 = 1.12 47