empty
 
 
19.12.2019 04:26 PM
EUR/USD for December 19,2019 - Potential for the new up move on the EUR, watch for buying opportunities

EUR/USD has been trading downwards. The price tested and rejected of the important multi-pivot support at 1.1110. I do expect further upside movement and test of 1.1145, 1.1170 and 1.1200. Watch for buying opportunities.

This image is no longer relevant

MACD oscillator is showing bull divergence

Stochastic oscillator is showing oversold condition and fresh new bull cross, which is another confirmation for our bullish view.

Resistance levels are seen at 1.1145 and 1.1170

Support levels are set at 1.1115 and 1.1100

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In February we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback