Forex Technical Analysis

Technical analysis maintains that all information is already reflected in the price and that price movements lead to recognizable price chart patterns. It therefore tries to determine a trend on the grounds that sentiment changes may, at least in part, forecast trend changes.

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EUR/USD Technical Scenario: Wednesday 19 December 2018

Last updated 1 day ago at 11:00pm

Resistances lie around 1.1383 and 1.1399. It should test lower towards 1.1333 zone. A clear break of 1.1355 would be bearish.

  • Key Point1.1374
  • Entry Point1.1367
  • Elliott1.127
  • Closing1.1365
  • Projection1.1393
  • Trendline 11.1344
  • Trendline 21.1372
Elliott Wave

irregular flat correction up

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