EUR/USD for Dec 19, 2019 – Potential for the new up move on the EUR, watch for buying opportunities

Posted On 19 Dec 2019

EUR/USD has been trading downwards. The price tested and rejected of the important multi-pivot support at 1.1110. I do expect further upside movement and test of 1.1145, 1.1170 and 1.1200. Watch for buying opportunities.

MACD oscillator is showing bull divergence

Stochastic oscillator is showing oversold condition and fresh new bull cross, which is another confirmation for our bullish view.

Resistance levels are seen at 1.1145 and 1.1170

Support levels are set at 1.1115 and 1.1100

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Source:: EUR/USD for December 19,2019 – Potential for the new up move on the EUR, watch for buying opportunities

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