FX.co ★ EUR/USD analysis for December 17,2019 - Daily analysis, potential downside movement

EUR/USD has been rejected of the major resistance at 1.1177 two days ago and it got solid chance for the downside move. As long as the price is trading below the 1.1200, there is the chance for the downside.

MACD oscillator showing the there is still upside pressure and the slow line is rising.

Stochastic oscillator is in overbought zone and there is potential for the down cycle.

Resistance levels are seen at 1.1177 and 1.1200

Support levels are set at the price of 1.114 and 1.1050.