FORECAST BY MARIUS GHISEA- EUR/USD (December 28-31)

The EUR/USD currency pair is in an uptrend according to the 8 hour chart.  The price is already above EMA200 and the MACD is still positive. That means the price will rise slowly in the medium term until at least 1.1050.

EURUSD8h-page-001

The daily chart is correlated with the 8 hour chart. The stochastic oscillator indicates a slight increase for EUR/USD pair. The price is above EMA50 and this is another confirmation of uptrend in the medium term. The EUR/USD currency pair may go up to 1.1080 where is Fibo 0.50. The next target may be 1.1230 where is Fibo 0.38.

EURUSDdaily-page-001

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