EUR/USD analysis for December 14, 2017


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.

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