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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 04, 2018

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Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1418. According to the H1 time – frame, I found that price is trading above the Ichimoku cloud and that price did breakout of the resistance cluster in the background, which is a sign that buyers are in control. I also found that price is above the cloud on 6 different time – frames, which is another sign of the short – term strength. My advice is to watch for buying opportunities. The upward target is set at the price of 1.1470.

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