[EUR] Rising Euro in Short Term 2019 1202

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

cf. [EUR] Still Short Bias 2019 1129
cf. [EUR] Preparing Rebound II 2019 1126
cf. [EUR] Preparing Rebound 2019 1124
cf. [USDX] Still Rising Greenback 2019 1122

One of the major currency pair, EUR/USD is likely to break through 1.10238 or upper band of Bollinger Bands, and 1.1039x or 120 Exponential Moving Average and trend line made in four-hour chart. Euro price is 1.10227 in EUR/USD and futures, euro-fx 201912 is 1.10325as of 13:26(UTC).

But its movement is expected to be done in a narrow channel ahead of FOMC meeting in next week.

Though Donald Trump signed the Hong Kong Human Right Acts, top two economies which is under the trade war will sign the small deal of the trade talks soon, market participants expect. And this led New York stock market and the risky asset active.

New York equities recorded historical high in last week.

But long-term trend of euro is still downward, we need to watch the market with short bias.

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.


-------
If this report was helpful to you, please support it. The amount of your support is up to you.
PayPal  kmuk001@gmail.com.
Thank you.






e-mail - kmuk001@gmail.com

Telegram - @morgenluft
Telegram broadcasting - t.me/gjallarhorn_report


https://www.facebook.com/Gjallarhorn.report/
https://www.facebook.com/heimdallr999/
http://morgenluft.blogspot.com

#Gjallarhorn, #EUR, #euro, #EURUSD #걀라호른, #유로화, #유로