empty
 
 
ar
الدعم
فتح الحساب الفوري
منصة التداول
إيداع/ سحب

04.12.202309:45 Forex Analysis & Reviews: Indicator analysis: Daily review of EUR/USD on December 4, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.0881 (closing of Friday's daily candle) to 1.0861, the 50.0% pullback level (blue dotted line). From this level, an upward movement is possible with a target at the 1.0924 resistance level (white thick line). In the case of testing this level, the price may continue to rise with a target of 1.0944, the 14.6% pullback level (yellow dotted line), where a downward movement is possible.

Exchange Rates 04.12.2023 analysis

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis – down;
  • Fibonacci levels – down;
  • Volumes – down;
  • Candlestick analysis – up;
  • Trend analysis – down;
  • Bollinger bands – up;
  • Weekly chart – down.

Today, the price may move downward from the level of 1.0881 (closing of Friday's daily candle) to 1.0861, the 50.0% pullback level (blue dotted line). From this level, an upward movement is possible with a target at the 1.0924 resistance level (white thick line). In the case of testing this level, the price may continue to rise with a target of 1.0944, the 14.6% pullback level (yellow dotted line), where a downward movement is possible.

Alternatively, the price may move downward from the level of 1.0881 (closing of Friday's daily candle) to 1.0846, the 21-day EMA (black thin line). From this level, an upward movement is possible with a target at the 1.0924 resistance level (white thick line).

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

لا تستطيع التحدث الآن؟
اطرح سؤالك في الدردشة.