Forex Technical Analysis

Technical analysis maintains that all information is already reflected in the price and that price movements lead to recognizable price chart patterns. It therefore tries to determine a trend on the grounds that sentiment changes may, at least in part, forecast trend changes.

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EUR/USD Technical Scenario: Monday 16 December 2019

Last updated 2 days ago at 11:00pm

It looks more likely that it would rise to 1.1175 - 1.1231 from 1.1114 or 1.1086. After which a downside move is expected.

  • Key Point1.108
  • Entry Point1.114
  • Elliott1.12
  • Closing1.1118
  • Projection1.104
  • Trendline 11.112
  • Trendline 21.1131
Elliott Wave

flat correction down

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