The EUR/USD pair is trying to approach new highs as it did a rebound above the 200 SMA. The resistance level of 1.0955 is a key zone for sellers, so the pair couldn't perform another rally towards at least 1.1000 in the short term. However, we can expect a pullback to test the pivot point around the zone of 1.0912.
H1 chart's resistance levels: 1.0955 / 1.0999
H1 chart's support levels: 1.0912 / 1.40868
Trading recommendations for today: Based on the H1 chart, place buy (buy) orders only if the EUR/USD pair breaks a bullish candlestick; the resistance level is at 1.0955, take profit is at 1.0999, and stop loss is at 1.0912.
The material has been provided by InstaForex Company - www.instaforex.comFor detail explanation and best discovery on daily market trends and news you may visit via Daily analysis of EUR/USD for December 28, 2015 . Thanks for your support.
No comments:
Post a Comment