EURUSD will it break the channel [1.1430 -- 1.1320] upward ?
Sun 09.Dec.2018
Ticker: EURUSD
LAST= 1.13 78
EURUSD movement during the last few days showed a Sideways movement, between 1.1430 -- 1.1320
During the next few days the price is expected to go up for 1.13 85 and then to 1.14 00.
The Short-Term view is expected to continue to be in Consolidation between 1.1400 - 1.1340. But as of now, as long as the price is trading above 1.1375, its recommended to ' BE LONG ' for a targeted price of around 1.1550 after an upward break of the channel before or by year end. Taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 1.13 15
Res_2 = 1.14 45
Res_1 = 1.14 05
Sup_1 = 1.13 60
Sup_2 = 1.13 20
Ticker: EURUSD
LAST= 1.13 78
EURUSD movement during the last few days showed a Sideways movement, between 1.1430 -- 1.1320
During the next few days the price is expected to go up for 1.13 85 and then to 1.14 00.
The Short-Term view is expected to continue to be in Consolidation between 1.1400 - 1.1340. But as of now, as long as the price is trading above 1.1375, its recommended to ' BE LONG ' for a targeted price of around 1.1550 after an upward break of the channel before or by year end. Taking in consideration the resistance levels.
On the other hand, a change in the direction of the general trend needs to be considered when the price trades below the level 1.13 15
Res_2 = 1.14 45
Res_1 = 1.14 05
Sup_1 = 1.13 60
Sup_2 = 1.13 20