EUR/USD is at decisive levels

EUR/USD is at decisive levels

Trade ideas

BUY 1.1120; TP 1.1160; SL 1.1110

SELL 1.1065; TP 1.1040; SL 1.1075

EUR/USD was supported in the 1.0990 area last week. The support was strengthened by the fact that the attempted breakout of this level failed. On Monday, the pair recovered on the weak US data and went up through the 50- and the 100-day MAs. Now these lines provide support at 1.1070 and 1.1040. Resistance is now located in the 1.1100/1.1115 area (trend line going down from October 2018 highs). The advance above this zone is needed to open the way up to 1.1160 (200-day MA). All in all, EUR/USD finds itself in a confined space now, so bigger moves should come soon.

EURUSD Dec 3.png

Similar

AUD/CHF suffered losses

The attempt of AUD/CHF to overcome 0.6800 so far hasn’t been successful. The pair formed a “spinning top” candlestick on the D1 on Tuesday.

Latest news

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera