empty
 
 
vi
Hỗ trợ
Mở tài khoản ngay lập tức
Tải nền tảng giao dịch Metatrader
Khởi động WebTrader

12.12.202212:03 Forex Analysis & Reviews: Trading plan for EURUSD on December 12, 2022

Exchange Rates 12.12.2022 analysis

Technical outlook:

EURUSD dropped through the 1.0505 intraday lows during the Asian session on Monday, before finding support. The single currency pair is seen to be trading close to 1.0560 at this point in writing as the bears prepare to drag further towards 1.0000 at least. The price has reached the resistance zone and the probability remains for a turn lower from here or the 1.0700-50 area.

EURUSD has either completed or is close to terminating its three-wave corrective rally, which had begun from 0.9535 earlier. Also, note that prices have managed to reach the Fibonacci 0.382 retracement of a downswing between 1.2266 and 0.9535. If the above holds well, prices might turn lower and drag below 0.9535 in the next several weeks.

Alternatively, if a major bottom is already in place at 0.9735, prices might find support from around 1.0000 levels and turn higher again. Either way, the currency pair is likely to decline by almost 500 pips before finding support again. Most traders might be preparing to take advantage of a pullback lower from here. Watch out for strong resistance around 1.0750 going forward.

Trading idea:

A potential bearish drop against 1.0700

Good luck!

*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.

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.

Không thể nói chuyện ngay bây giờ?
Đặt câu hỏi của bạn trong phần trò chuyện.