EUR/USD: price consolidating

EUR/USD: price consolidating

20-12-2017-EUR-H4.png

Bulls faced with resistance at 1.1859, so the price is consolidating. The main intraday target is the next resistance at 1.1875 - 1.1884. If a pullback from this area happens, we could have a bearish correction towards the nearest support at 1.1833 - 1.1811.

20-12-2017-EUR-H1.png

The price has been consolidating since the downtrend was broken. It's likely that the pair is going to test the closest resistance at 1.1871 - 1.1890 in the short term. If a pullback from this area happens, there'll be an opportunity to have a downward correction.

eur

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