Technical analysis of EUR/USD 02-12-2018

The EUR/USD currency pair on the Daily Time Frame continues to move in an upward trend. At the moment, there is a probability of an attempt to test the level of 1.2370 (200 MA on 1H) and fall to the lower limit of the uptrend and (200 MA at 1D) near the level of 1.1950.

After this, again we should expect the continuation of growth. In favor of the fall of the European currency will perform a resistance line test on the RSI indicator. The abolition of the fall option on the current trading week will be a strong growth and breakdown at the level of 1.2530, which will indicate the continued growth of the pair.

Among the important news from America and Europe that can influence the EUR/USD rate is the following: Consumer Price Index, Consumer Price Index excluding food and energy prices, Change in retail trade volume, Volume of issued construction permits.

EURUSD_STPDaily

 

Created by Joshua Hayn

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