EUR/USD: consolidation above 34 MA

EUR/USD: consolidation above 34 MA

28-12-2017-EUR-H4.png

There's a consolidation, which is taking place above the 34 Moving Average. The main intraday target is the next resistance at 1.1975 - 1.2003. If a pullback from this area happens little later on, there'll be an opportunity to have a decline towards the nearest support at 1.1919 - 1.1901.

28-12-2017-EUR-H1.png

The price went through the resistance area at 1.1914 - 1.1941. However, it's likely to have a correction towards the nearest support at 1.1914. If a pullback from this level happens, we could have an upward price movement towards another resistance at 1.1975 - 1.2003.

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