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Technical analysis

Euro Jumps Higher Against US Dollar

OctaFx | Dec. 18, 2018
Euro Jumps Higher Against US Dollar

December 18, OctaFX – The euro has continued to press higher against the US dollar, with the recent rally so far finding interim technical resistance from the 1.1360 level.

EURUSD Technical Outlook

If buyers can edge price above the 1.1360 level, further bullish advancement towards the 1.1400 level appears likely. Only a move below the 1.1330 support level can change the current bullish sentiment surrounding the EURUSD pair.

  • The EURUSD pair is strongly bullish while trading above the 1.1360 level, key technical resistance is found at the 1.1400 and 1.1470 levels.
  • If the EURUSD pair trades below the 1.1330 level, sellers are likely to test towards the 1.1300 and 1.1268 support levels.

Disclaimer

This article was provided by OctaFX. It should NOT substitute for professional marketing consulting. Forex margin trading involves substantial risks. Forex margin trading exposes participants to risks including, but not limited to, changes in political conditions, economic factors, and other factors. All of which may substantially affect the price or availability of one or more foreign currencies.

Disclaimer: The views and opinions expressed in this article are solely those of the author and do not reflect the official policy or position of AtoZ Markets.com, nor should they be attributed to AtoZMarkets.