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فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
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05.12.202416:56 Forex Analysis & Reviews: Trading Signals for EUR/USD for December 4-6, 2024: buy above 1.0500 (21 SMA - 2/8 Murray)

Relevance up to 09:00 2024-12-19 UTC--5

Exchange Rates 05.12.2024 analysis

Early in the American session, the euro was trading around 1.0542 within the bullish trend channel forming since November 22nd, above the 21 SMA, and with a slight recovery.

Yesterday, the euro fell below the psychological level of 1.05 but quickly regained its footing. Today EUR/USD is consolidating above 2/8 Murray which means that we could expect a continuation of the bullish movement in the next few hours.

If this scenario occurs, the EUR/USD pair could reach 1.0570 where it left a gap and could even reach the 200 EMA around 1.0644.

The outlook is positive for the euro. We believe that as long as EUR/USD consolidates above 1.0498 in the coming days, any technical correction will be seen as an opportunity to buy.

However, the eagle indicator is showing a negative signal. So, it is likely that the instrument is exhausting bullish momentum. Therefore, several corrections could occur each time it rises.

*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.

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