EURUSD intraday technical analysis - 11/12/2018

EURUSD

1.13676 / 1.13679

SUMMARY

Down

TREND

Downward penetration

SENTIMENT

Bullish

VOLATILITY

Medium

MARKET ANALYSIS

Upwards scenario: Possibility of market strengthening is seen above the immediate resistive barrier at 1.1378 (R1). Price extension above it is required to validate our next intraday targets at 1.1410 (R2) and 1.1443 (R3).
Downwards scenario: Next support level is seen at 1.1347 (S1), any penetration below it might activate downside pressure and enable lower target at 1.1317 (S2). Any further market decline would then be limited to 1.1287 (S3).

Resistance levels: 1.1378, 1.1410, 1.1443

Support levels: 1.1347, 1.1317, 1.1287