EUR/USD: Moving Averages acted as support

EUR/USD: Moving Averages acted as support

19-12-2017-EUR-H4 (1).png

There's a "V-Bottom", so the price is rising. The main intraday target is the next resistance at 1.1833 - 1.1847. If a pullback from this area happens, there'll be an opportunity to have a decline towards the next support at 1.1772 - 1.1756.

19-12-2017-EUR-H1 (1).png

The Moving Averages have acted as support, so there's an upward price movement, which is taking place on the one-hour chart. It's likely that bulls are going to test the closest support at 1.3369 - 1.3336.

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