empty
 
 

Forex Analysis & Reviews: EUR/USD analysis for December 09, 2022 - Potential for the the upside continuation
time 09.12.2022 09:35 AM
time Relevance up to, 10.12.2022 09:35 AM

Technical analysis:

This image is no longer relevant

EUR/USD has been trading upside and the previous swing high at the price of 1.0590 is on the test. In case of the upside breakout of swing high, I see potential for the further rally.

Trading recommendation:

Due to the strong upside pressure in the background and buyers in control, I see potential for the further upside movement.

Watch for the potential buying opportunities in case of the upside breakout of the 1.0690.

Upside objective is set at the rice of 1.0750

MACD oscillator is showing fresh upside momentum, which is strong sign that buyers are in control.

Key support is set at the price of 1.0450

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

InstaForex分析评论将让您充分了解市场趋势! 作为InstaForex的客户,您将获得大量的免费服务以实现有效的交易。

  • 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 $10000 more!
    In January we raffle $10000 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 GBP/USD for January 27, 2023

Technical Market Outlook: The GBP/USD pair bounce was capped at 1.2447 and since then the market keeps moving lower. The bears were able to make a three wave down cycle

Sebastian Seliga 08:27 2023-01-27 UTC+2

Technical Analysis of EUR/USD for January 27, 2023

Technical Market Outlook: The EUR/USD pair has made a new local high at the level of 1.0929 and is only 16 pips away from the 50% Fibonacci retracement level (1.0945)

Sebastian Seliga 08:26 2023-01-27 UTC+2

AUDUSD potential for rise to recent swing high resistance

Looking at the H4 chart, my overall bias for AUDUSD is bullish due to the current price being above the Ichimoku cloud; an ascending trend line adds confluence

Dean Leo 08:01 2023-01-27 UTC+2

BCHUSD Potential For Bullish Rise to previous swing high

Looking at the Daily chart, my overall bias for BCHUSD is bullish due to the current price being above the Ichimoku cloud, indicating a bullish market. Looking

Dean Leo 07:58 2023-01-27 UTC+2

Trading Signal for GOLD (XAU/USD) for January 27 - 30, 2023: sell below $1,934 (21 SMA - 7/8 Murray)

According to the 4-hour chart, we can see that the last Japanese candlesticks are showing signs of a technical correction and it is likely that gold will continue to fall

Dimitrios Zappas 05:36 2023-01-27 UTC+2

Forecast for EUR/USD on January 27, 2023

Yesterday, the euro failed to move towards the 1.0990 target and rolled back to Wednesday's initial positions. If today's U.S. consumer income/expenditure data is close to the forecast, the 1.0990

Laurie Bailey 03:33 2023-01-27 UTC+2

Forecast for GBP/USD on January 27, 2023

Yesterday, the pound almost closed the day at the opening level, increasingly supporting the resistance level of 1.2420. The signal line of the Marlin oscillator is sideways, but its location

Laurie Bailey 03:30 2023-01-27 UTC+2

Forecast for AUD/USD on January 27, 2023

AUD/USD has initially consolidated in the 0.7090-0.7130 range - the body of Thursday's daily candle is fully within this range. The signal line of the Marlin oscillator starts to turn

Laurie Bailey 03:29 2023-01-27 UTC+2

USD/CAD: downside continuation from below 1.3334

The USD/CAD pair dropped and now is trading at 1.3332. It is challenging the 1.3334 former low which represents a downside obstacle. On the other hand, the downtrend line represents

Ralph Shedler 20:34 2023-01-26 UTC+2

Technical analysis of EUR/USD for January 26, 2023

Euro parity still in play ahead of decisive US inflation data, for that common currency came within whisker of 1.0845 this week. Right now, the EUR/USD pair is still moving

Mourad El Keddani 19:35 2023-01-26 UTC+2
现在无法通话?
提出您的问题,用 在线帮助.