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Technical analysis of the pair EUR / USD. The medium term

So Eurodollar returned to range $ 1,2850-1,3150. What makes the picture on one side is not very interesting for the new positions, and the other few people would think of the medium-and long-term positions now before Christmas and New Year. Therefore, it remains only to observe the course of several weeks. But, nevertheless, there is something curious that I will try to explore in this review.

On the weekly chart (Figure 1), we see that the pair is limited from September 23.6% strength and 32.8% strength Fibo levels. And the longer the course will be limited to these boundaries, the more and more cutting will breakout game. In the near future is very likely test-tion 32.8% Fibo level. And in this area is one of the parallels Orange median slope which is bearish. I will closely follow the price for the emergence of reversal patterns on small time frames. Fig.1 pair eurusd, weekly time-frame look at the daily chart (Figure 2).  Fig.2 pair eurusd, day time frame in November to support $ 1.27 resisted. Eurodollar abruptly pushed away and went up. Now the key level for the closing price is $ 1.3125 area. If the pair manages to consolidate above, the uncertainty in the market will only rise. Then it will be very risky to sell. In any case, once again, the conservative is to open short positions only when the confirmation and reversal patterns on small time frames.  If the price goes up dramatically, it is possible to buy aggressively targeting $ 1.3350. company's research department RoboForex Denis Kirichenko

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