FX.co ★ EUR/USD for December 11,2019 - EUR is holding upside, potential for larger upward movement

EUR/USD has been trading upwards as I expected. EUR is working towards our upward targets at 1.1115 and 1.1172. I still expect further upside movement. Watch for buying opportunities.

Most of the markets are waiting for the FOMC statement for potential larger volatility.

Stochastic oscillator is near the overbought zone but it is trying for another bull cross, which may confirm further upward continuation.

Most recently, I found rejection of the upward trend line at 1.1075, which adds more potential strength on the EUR

Support levels are seen at the price of 1.1075 and 1.1041. Resistance levels are set at 1.1115 and 1.1172.