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

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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