After a month’s growth on Thursday December 6-th EURUSD fell abruptly. Before the fall there was a rebound from the level of resistance of 1.3140. The fall on Thursday supported the deployment, which was indicated at by “hammer” on Wednesday.
Now the quotations of pairs reached the area of previous consolidation, that can support the falling pair on Friday. Probably the level of consolidation will allow the pair stopping for a short break and might support it, which may turn the descending impulse into consolidation or even the deployment.
However currently the price pressure on Euro dominates and there is a great possibility that the movement downwards will continue. Then the next support will be 1.2825 (lower border of precious diapason).Social button for Joomla