FX.co ★ EUR/USD analysis for January 04, 2019

Recently, the EUR/USD pair has been trading upwards. The price tested the level of 1.1410. According to the H1 time – frame, I found that price is trading above the Ichimoku cloud and above the daily pivot, which is a sign that buyers are in control. I also found that triple top pattern (bullish), which is another sign of strength. Watch for buying opportunities. The upward targets are set at the price of 1.1440 (R1) and at the price of 1.1486 (R2).