EUR/USD analysis for December 04, 2018

Trading 04 déc 2018 Donner votre avis

analytics5c0662ca28ead.png

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1418. According to the H1 time – frame, I found that price is trading above the Ichimoku cloud and that price did breakout of the resistance cluster in the background, which is a sign that buyers are in control. I also found that price is above the cloud on 6 different time – frames, which is another sign of the short – term strength. My advice is to watch for buying opportunities. The upward target is set at the price of 1.1470.

The material has been provided by InstaForex Company - www.instaforex.com

Fatal error: Uncaught Exception: 12: REST API is deprecated for versions v2.1 and higher (12) thrown in /var/www/forex-winner.com/htdocs/wp-content/plugins/seo-facebook-comments/facebook/base_facebook.php on line 1039