EUR/USD Indicator analysis – December 12, 2018

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On Wednesday, it is possible to continue the downward movement with the first target 1.1301 – the historical level of support (blue dashed line).

Fig. 1 (daily schedule).

Comprehensive analysis:

– indicator analysis – down;

– Fibonacci levels – neutral;

– volumes – top;

– candlestick analysis is neutral;

– trend analysis – down;

– Bollinger lines – down;

– weekly schedule – up.

General conclusion:

On Wednesday, it is possible to continue the downward movement with the first target 1.1301 – the historical level of support (blue dashed line). From this level you can work up.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: Indicator analysis. Daily review for December 12, 2018 for the EUR / USD pair

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