empty
 
 
05.12.2022 04:05 PM
Short-term technical analysis on EURUSD for December 5th, 2022.

This image is no longer relevant

Green lines - Fibonacci retracements

Red line- higher highs

EURUSD is trading above 1.0560 as price continues making higher highs and higher lows. Price has now reached the 38% Fibonacci retracement of the entire decline from 1.2270. The RSI is entering overbought levels and we might see the end of the upward wave from 0.9535. The RSI is also making new higher highs implying that this upward move has still room to go. We might see a pull back towards 1.0420 but overall bulls remain strong and in control of the trend. Overall in the near term we favor a pull back, but for longer-term, the chances of a move towards the 50% retracement remain high.

EURUSD
Euro vs US Dollar
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Start trade
Start trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Technical analysis of EUR/USD for March 23, 2023

The bullish bias will be suggested for today, supported by the EMA100 that carries the price from above, taking into consideration that breaking 1.0819 will stop the expected rise

Mourad El Keddani 17:28 2023-03-23 UTC+2

Forecast for EUR/USD on March 23, 2023

On Wednesday, the EUR/USD pair kept on rising and managed to remain above the corrective level of 200.0% (1.0861), moving above the trend channel. The growth can now be carried

Samir Klishi 16:50 2023-03-23 UTC+2

March 23, 2023 : EUR/USD daily technical review and trading opportunities.

The price level of 1.0800 remained a significant resistance level to offer SELL opportunities until the current upside movement was expressed. The next target is located around 1.1000 where

Mohamed Samy 16:45 2023-03-23 UTC+2

March 23, 2023 : EUR/USD Intraday technical analysis and trading plan.

Price action around the key-level of (1.0550-1.0600) was quite bullish. That's why, further bullish continuation towards 1.0800 was demonstrated. Moreover, more bullish advancement towards the nearest supply zone around 1.1150-1.1200

Mohamed Samy 16:42 2023-03-23 UTC+2

March 23, 2023 : GBP/USD Intraday technical analysis and significant key-levels.

The GBPUSD bulls failed to record a new high above 1.2200. Instead, a descending high was established around the same price level. Bearish pullback pursued towards the price levels

Mohamed Samy 16:41 2023-03-23 UTC+2

On Wednesday and Thursday, the GBP/USD pair continued to increase, and today it was trading near the level of 1.2342, according to the hourly chart. The US dollar's rebound from

Samir Klishi 16:16 2023-03-23 UTC+2

Trading Signal for GBP/USD for March 23 - 24, 2023: sell below 1.2329 (5/8 Murray - correction)

The pivot point is located at 1.2268. In case the British pound approaches this level in the next few hours, it could offer a technical rebound. With this price action

Dimitrios Zappas 15:02 2023-03-23 UTC+2

Trading Signal for GOLD (XAU/USD) for March 23 - 24, 2023: sell below $1,978 or in case of pullback at $1,987 (7/8 Murray - strong resistance)

Since March 17, the Eagle indicator has been giving oversold signals. In case there is a technical rebound and if gold trades below 1,987, it will be considered an opportunity

Dimitrios Zappas 14:43 2023-03-23 UTC+2

Video market update for March 23, 2023

Potetnial downside movement on teh Gold

Petar Jacimovic 09:44 2023-03-23 UTC+2

Forex forecast 03/23/2023 GBP/USD, EUR/CHF and USD/TRY from Sebastian Seliga

Let's take a look at the technical picture of GBP/USD, EUR/CHF and USD/TRY ahead of the interest rate decisions

Sebastian Seliga 09:41 2023-03-23 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.