FxPro - Analytics


761.75 6.25/10
89% of positive reviews

EURUSD Wave Analysis – 18 December, 2019

  • EURUSD reversed from resistance area
  • Likely to fall to 1.1100

EURUSD recently reversed down from the resistance area lying between the key resistance level 1.1165 (which has been steadily reversing the price from August), upper daily Bollinger Band and the 61.8% Fibonacci correction of the previous downward impulse from June.

The downward reversal from this resistance area created the daily Japanese candlesticks reversal pattern Shooting Star – which started the active impulse wave 3.

EURUSD is expected fall further toward the next support level 1.1100 (former resistance from November).


To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree