FX.co ★ EUR/USD for December 27,2019 - Major multi pivot resistance on the test at 1.1175

EUR/USD got the strong upside momentum today and clean upward trend. Due to strong trend today I do expect next few days potential consolidation and lower volatility.

EUR is on the decision level around 1.1175 and you should watch for potential price action around this very important resistance zone

To open long position you will need the price to break the level of 1.1200 for the potential test of 1.1230-1.1275

To open short position you will need any reversal pattern near the resistance at 1.1175, which may confirm further rotation to the downside and eventual test of 1.1100-1.1070.