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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 13, 2018

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Recently, the EUR/USD pair has been trading sideways at the price of 1.1377. According to the M15 time – frame, I have found that price is trading above the Ichimoku cloud and above the daily pivot, which is a sign that buyer are in control. I also found the double top (bullish) pattern on the point and figure chart, which is another sign of the strength. My advice is to watch for buying opportunities. The upward targets are set at the price of 1.1397 and at the price of 1.1425.

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