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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 10, 2018

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1442. Anyway, according to the M15 time – frame, I found that there is a fake breakout of Friday's high at the price of 1.1424, which is a sign of weakness. I also found that price made a bearish break of the Ichimoku cloud, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1360 and the price of 1.1322.

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