EUR/USD Technical Analysis EUR/USD 19.12.2018
The euro dollar currency pair EUR/USD continues to move in the framework of the correction and the formation of the Triangle model. At the moment, we should expect an attempt to grow and test the resistance level near the 1.1410 area. Where can we expect a rebound and a fall in prices with the goal below the level of 1.1310.
In favor of the fall in EUR/USD quotes, a test of the trend line on the RSI indicator will be made. As well as a rebound from the upper limit of the model “Triangle”. Cancellation of the option of falling quotes Euro Dollar will be a strong growth and the breakdown level of 1.1450. This will indicate a breakdown of the resistance level and continued growth of the pair.
Among the important news from Europe and America that may affect the course of the EUR/USD pair, it is worth highlighting: FOMC decision on the basic interest rate, FOMC accompanying statement, FOMC economic forecast.