[EUR] Preparing Rebound II 2019 1126

EUR/USD four-hour chart, source:FXDD.com

cf. [EUR] Preparing Rebound 2019 1124
cf. [USDX] Still Rising Greenback 2019 1122
cf. [EUR] Rising Euro under the Downward Trend 2019 1115
cf. [USDX] Rising Dollar 2019 1109
cf. [USDX] Trying Rebound 2019 1104

Euro fell on Monday but it tries to rebound. It is still under the downward trend but it can rise in short or mid term.

First, if it exceeds the downtrend line made in weekly chart, it could rise over 1.1199 or upper band of Bollinger Bands, and it may reach to 1.1386, 120 exponential moving average.

There is another downtrend line, which falls to 1.2140. But I don't think euro rise above 1.21s in mid term. Because euro-zone economy doesn't show the optimistic outlook, yet.

As mentioned before, euro including currency pair EUR/USD and futures, euro-fx 201912 tries to form double-bottoms pattern, trend-turning-to-rise pattern.

There is a support line, too. Though euro falls, it is supported around 1.1097, I think.

Euro fell and dollar rose on Monday and dollar index was 98.308, 0.06 percent rise.

The expectation of U.S.-Sino small deal led greenback's rising.

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