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06.12.202414:59 विदेशी मुद्रा विश्लेषण और समीक्षा: Trading Signals for EUR/USD for December 6-9, 2024: sell below 1.0620 (200 EMA - 3/8 Murray)

Relevance up to 07:00 2024-12-20 UTC--5

Exchange Rates 06.12.2024 analysis

Early in the American session, the EUR/USD pair is trading around 1.0579, above the 21 SMA, and below the 3/8 Murray with a bullish bias.

Yesterday during the American session, the euro managed to cover the gap left around 1.0576 and is now consolidating around this area. If the bullish force prevails, EUR/USD could reach 1.0620 or 1.0643 (200 EMA) in the next few hours.

A technical correction is likely to occur in the next few days as the eagle indicator is reaching the overbought zone. We believe the outlook will be negative for the euro below 1.0643. So, the instrument could reach 1.0417 in the short term where it left a gap on November 21.

A break and consolidation below 1.0532 could be seen as a bearish signal.

*यहां पर लिखा गया बाजार विश्लेषण आपकी जागरूकता बढ़ाने के लिए किया है, लेकिन व्यापार करने के लिए निर्देश देने के लिए नहीं |

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