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18.12.201813:21 Forex Analysis & Reviews: EUR/USD analysis for December 18, 2018

Long-term review
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Exchange Rates 18.12.2018 analysis

Recently, the EUR/USD pair has been trading upwards. As I expected, the price tested the level of 1.1400. According to the H4 time – frame, I have found the breakout of the resistance trendline and the breakout of the 20-hours balance to the upside, which is a sign that buyers are in control. I also found a confirmed double bottom pattern with a fake breakout on the right side. Watch for buying opportunities. The upward targets are set at the price of 1.1440 and at the price of 1.1470.

Petar Jacimovic
Analytical expert of InstaForex
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