EURUSD – Technical Analysis - Uniglobe Markets

EURUSD – Technical Analysis

Posted on diciembre 4, 2017 at 10:46 AM

The EUR / USD exchange rate stabilized above 1.1895, and stability above this level is a positive sign. At the same time, trading is still limited at levels below the simple moving averages.

In general, we can expect attempts to rally towards 1.2000, but the uptrend can only be confirmed by breaching the last mentioned level to confirm trading above the moving averages. Overall, we will be positive today in our expectations, but on condition that the 1.1850 price is not broken

Trend: Up above 1.1895 targeting 1.2000 and 1.2050 as long as 1.1850 is intact

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