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Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.

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EUR/USD analysis for December 14, 2017

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1843. Anyway, according to the 30M time – frame, I found a fake breakout of yesterday's high at the price of 1.1831, which is a sign that buying looks risky. Watching the market profile histogram, I found that yesterday's point of control is set at the price of 1.1755, which is a good sign for further lower prices. My advice is to watch for potential selling opportunities with the target at the price of 1.1755.

Resistance levels:

R1: 1.1862

R2: 1.1898

R3: 1.1965

Support levels:

S1: 1.1760

S2: 1.1695

S3: 1.1658

Trading recommendations for today: watch for potential selling opportunities.

The material has been provided by InstaForex Company - www.instaforex.com