21.12.201813:40 Forex Analysis & Reviews: EUR/USD analysis for December 21, 2018

Long-term review

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Recently, the EUR/USD pair has been trading sideways at the price of 1.1423. According to the M15 time frame, I found that EUR/USD is trading below the Ichimoku cloud and the daily pivot (1.1433), which is a sign that sellers are in control on the intraday prospective. I also found a confirmed triple bottom formation on the point and figure chart, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1383 and at the price of 1.1320.

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