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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 21, 2018

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Recently, the EUR/USD pair has been trading sideways at the price of 1.1423. According to the M15 time frame, I found that EUR/USD is trading below the Ichimoku cloud and the daily pivot (1.1433), which is a sign that sellers are in control on the intraday prospective. I also found a confirmed triple bottom formation on the point and figure chart, which is another sign of weakness. My advice is to watch for selling opportunities. The downward targets are set at the price of 1.1383 and at the price of 1.1320.

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