11.12.201813:07 Forex Analysis & Reviews: EUR/USD analysis for December 11, 2018

Long-term review

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Recently, the EUR/USD pair has been trading downwards. The price tested the level of 1.1350. Anyway, according to the M15 time – frame, I found that EUR/USD is trading above the Ichimoku cloud and above the daily pivot (1.1382), which is a sign that buyers are today in control. After the yesterday's sell off, I found the stable recovery. There is also a double top (bullish pattern) on the point and figure chart, which is another sign of the strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.1413 and at the price of 1.1430.

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