empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

04.12.202311:28 Forex Analysis & Reviews: Technical Analysis of EUR/USD for December 4, 2023

Technical Market Outlook:

The EUR/USD pair has been seen moving lower after the fake breakout above the 61% Fibonacci retracement ands is currently testing the key short-term technical support located at 1.0825. Any violation of this level would open the road towards the next technical support seen at the level of 1.0756. The momentum remains weak and negative on the H4 time frame chart as the bears are in charge of the price for now. Only a sustained breakout back above the level of 1.0966 would change the outlook to more bullish.

Exchange Rates 04.12.2023 analysis

Weekly Pivot Points:

WR3 - 1.1179

WR2 - 1.1098

WR1 - 1.0991

Weekly Pivot - 1.0910

WS1 - 1.0803

WS2 - 1.0722

WS3 - 1.0615

Trading Outlook:

The EUR/USD market breakout above the 61% Fibonacci retracement of the recent weekly downtrend, positioned at 1.0963 and a weekly close above this level would serve as the initial signal for a potential long-term trend reversal in favor of the Euro.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.