For Traders

Phân tích Ngoại hối

Hot forecast

01.12.202309:13 Forex Analysis & Reviews: Hot forecast for EUR/USD on December 1, 2023

Not only did inflation in Europe slow down from 2.9% to 2.4%, which turned out to be stronger than expected, but European Central Bank President Christine Lagarde may have hinted that amid such a rapid and steady slowdown in consumer price growth, the ECB may consider the possibility of a rate cut. This definitively buries any prospect that interest rates in Europe will be higher than in the United States. Therefore, there are no significant reasons for the euro's growth in the long-term. On the contrary, we probably saw the beginning of a trend reversal towards the US dollar's growth.

The EUR/USD pair has entered a phase of a full-fledged correction from the resistance level of 1.1000. As a result, there was an increase in the volume of short positions, and the price moved towards the level of 1.0900.

If we look at the RSI indicator, on the 4-hour chart, there is a convergence of the indicator line with the oversold level of 30. This isn't a signal of an excessive amount of short positions in the market, but everything is heading in that direction.

As for the Alligator indicator, on the same time frame, the MA lines have changed direction, indicating a slowdown in the upward cycle. In the daily period, the indicator ignores temporary corrective movements, and the MA lines are directed upward.

Outlook

In order to support the corrective move, it is necessary for the price to settle below the level of 1.0900 during the day. In this case, the price could move towards the values of 1.0850-1.0800. Otherwise, the area around the level of 1.0900 may act as support, leading to a gradual increase in the volume of long positions towards the control level of 1.1000.

Comprehensive indicator analysis indicates a corrective move in the short-term and intraday periods. Meanwhile, indicators point to the euro's recovery in the medium-term period.

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Dean Leo,
Analytical expert of InstaSpot
© 2007-2026

Thêm các bài viết của tác giả này

Về phần danh sách

E-mail subscription

The Second Wave of the AI Boom: Which Software Companies (SaaS) Will Monetize the Technology in 2027?

The corporate software market (SaaS) is undergoing a significant structural transformation, shifting from purchasing basic AI hardware to directly monetizing ready-made business solutions. After a deep correction in technology sector valuations in the first half of 2026, when investors began.

Digital Gold vs. Physical Gold: Will Bitcoin Displace Traditional Safe-Haven Assets During Market Panic?

The comparison between Bitcoin (BTC/USD) and physical gold (XAU/USD) has reached a new level of volatility. After hitting record highs at the end of last year, the digital asset entered a prolonged downward correction, losing a significant portion of its value and testing strong psychological.

Crash or Comeback of the Yen: Can the USD/JPY Pair Return to Psychological Lows After Interventions?

Despite the recent historic increase in the key interest rate by the Bank of Japan to 1.0% (the highest since 1995) and a series of large-scale currency interventions by the Ministry of Finance, the national currency is not in a hurry to stage a comeback.