EURUSD intraday technical analysis - 11/12/2017

EURUSD

1.17848 / 1.17852

SUMMARY

Up

TREND

Upward penetration

SENTIMENT

Bullish

VOLATILITY

Medium

MARKET ANALYSIS

Upwards scenario: Possible appreciation above the resistive barrier at 1.1804 (R1) is compulsory to initiate upwards progress. In such scenario we would suggest next intraday targets at 1.1838 (R2) and 1.1872 (R3).
Downwards scenario: Signal of possible instrument depreciation would be created if the price penetrates below the support level at 1.1769 (S1). In such case we would suggest next interim target at 1.1735 (S2) on route to final aim at 1.1700 (S3).

Resistance levels: 1.1804, 1.1838, 1.1872

Support levels: 1.1769, 1.1735, 1.1700