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EURUSD analysis 19.12.2019

19.12.2019

Market Review

The currency pair is trading in the range of 365 and 135 EMA. A start fractal has formed above 135 EMA. Awesome Oscillator indicator also shows Bullish divergence, and Stochastic Oscillator indicates oversoldness. Price pivot zone 1.1110 holds back sellers.

Trading recommendations:

Buy while an ascending structure is forming, above 1.1133.

Stop Loss under the price pivot zone 1.1110.

Target levels - 1.1180; 1.1200.

Reach a profit equal to stop loss and transfer to breakeven.

Author: admin
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