The legend in the InstaSpot team!
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In December, from the level of 1.3232 (the close of the November monthly candle), the price may begin moving downward toward 1.2886 — the historical resistance level (blue dashed line). When testing this level, the price may rebound upward toward 1.2942 — the 50% retracement level (red dashed line).
Fig. 1 (Monthly Chart).
Conclusion from comprehensive analysis: a downward trend is possible.
The price will most likely show a downward tendency, with the monthly bearish candle lacking the first upper shadow (first week of the month — bearish) and having the second lower shadow (last week of the month — bullish).
From the level of 1.3232 (the close of the November monthly candle), the price may begin moving downward toward 1.3012 — the historical support level (blue dashed line). When testing this level, the price may rebound upward toward 1.3139 — the 38.2% retracement level (red dashed line).
*Analiza tržišta koja se ovde nalazi namenjena je boljem razumevanju tržišta i ne pruža instrukcije za vršenje trgovanja.
Uz InstaSpot-ove analitičke preglede uvek ćete biti u toku sa tržišnim trendovima! Klijentima InstaSpot-a su dostupni mnogobrojni besplatni servisi za uspešno trgovanje.
