Daily analytical report (20/12/17)

2017-12-20T12:30:16
  • Bitcoin is suffering another bearish correction. Been there, done that. So far, in the past three days, the price has declined by 3,000 USD. As for the potential targets of current downswing, the 14,000 support seems reasonable.
  • DAX has performed really well in the last few days. We defended the 12900 support and broke the 13190 resistance. Currently we are testing the last one as the closest support. If the buyers think about new long-term highs before Christmas, they will need to defend this support today.
  • The last one is the EURUSD, which made a nice upswing yesterday triggering the mid-term buy signal. Price broke the upper line of the flag, 1.1810 horizontal resistance and the neckline of the iH&S formation. This is giving us strong positive sentiment towards the European currency.

 

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