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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 27, 2018

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1409. Anyway, according to the M30 time frame, I found that the price rejected from the resistance trendline (upper diagonal of the downward channel), which is a sign that buying looks risky. I also found a potential bearish flag in creation, which is another sign of weakness. My advice is to watch for selling opportunities if you see a valid breakout of the support trendline. The downward target is set at the price of 1.1343.

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