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28.12.2018 08:30 AM
Forecast for EUR / USD pair on December 28, 2018

EUR / USD pair

Yesterday, the euro rose by 77 points, reaching the Kruzenshtern line on a daily scale chart. Thus, closing off a maximum of Monday. The growth of the euro occurred against the weakening of other world currencies, which shows a strong speculative bullish market sentiment. On the four-hour chart, the price steadily keeps above the MACD and balance lines. The Marlin oscillator is in a growing position. Euro is set to overcome the resistance of the daytime (MACD line) and continueS to grow, approximately, in the range of 1.1526 / 75. Higher prices are currently unjustified. The euro downward reversal is now difficult. The price should consolidate below the signal level 1.1356 to start the downward scenario.

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Laurie Bailey,
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