Forex Analysis & Reviews: EUR/USD exhausts buyers
time 12.08.2022 07:43 PM
time Relevance up to, 13.08.2022 07:43 PM

This image is no longer relevant

EUR/USD Retesting The Sellers!

The EUR/USD pair was trading at 1.0265 at the time of writing above the 1.0243 today's low. Now, it challenges the 1.0265 historical level (former high) which represents an upside obstacle (resistance).

As you can see on the H1 chart, the rate failed to stabilize above the previous high of 1.0355 signaling exhausted buyers. Dropping below 1.0287 and 1.0265 downside obstacles (former highs) signaled a larger downside movement.

EUR/USD Forecast!

Dropping below 1.0243 today's low could activate more declines and could bring selling opportunities.

Ralph Shedler,
Analytical expert of InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

  • 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.
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
  • 30% Bonus
    Receive a 30% bonus every time you top up your account

Recommended Stories

Indicator analysis: Daily review of EUR/USD on December 5, 2022

The euro-dollar pair may move downward from the level of 1.0531 (closing of Friday's daily candle) to 1.0426, the 14.6% retracement level (blue dotted line). After testing this level

Stefan Doll 09:05 2022-12-05 UTC+2

Technical Analysis of EUR/USD for December 5, 2022

Technical Market Outlook: The EUR/USD pair has been seen moving upward towards the next target for bulls seen at 161% Fibonacci extension at 1.0623. The new swing high was made

Sebastian Seliga 08:55 2022-12-05 UTC+2

Analysis of Gold for December 05,.2022 - First upside objective reached and potetnial for further growth

Technical analysis: Gold has been trading upside as I expected and the price is heading towards the main upside objective. I see potential for further growth due to rejection

Petar Jacimovic 08:44 2022-12-05 UTC+2

Trading Signal for Gold (XAU/USD) on December 05-06, 2022: sell in case of pullback at 1,807-1,812 (+2/8 Murray - overbought)

According to the daily chart, we can see that gold is reaching extremely overbought levels, so we expect gold to have a strong rejection around the area of 1,807

Dimitrios Zappas 05:15 2022-12-05 UTC+2

Technical Analysis of Daily Price Movements of Crude Oil Commodity Assets, Monday, December 05 2022.

On the daily chart, the Crude Oil commodity asset can be seen that Friday's bar has a Close that overlaps with the PL Dots so that it forms a Support/Block

Arief Makmur 04:48 2022-12-05 UTC+2

Technical Analysis of Daily Price Movements of Gold Commodity Assets, Monday, December 05 2022

Overall, on the daily chart, the gold commodity asset is still moving in a bullish bias condition which is indicated by the presence of the Bullish 123 pattern followed

Arief Makmur 04:47 2022-12-05 UTC+2

Forecast for EUR/USD on December 5, 2022

The EUR/USD still managed to end Friday with a positive even though there was good data on the US labor market, which judging by the market's reaction after its release

Laurie Bailey 03:57 2022-12-05 UTC+2

Forecast for GBP/USD on December 5, 2022

The British pound took advantage of the dollar's weakness on Friday, closing the day up by 42 points. The Marlin oscillator is moving sideways in a range. GBP may leave

Laurie Bailey 03:53 2022-12-05 UTC+2

Forecast for USD/JPY on December 5, 2022

Last Friday, the USD/JPY pair fell by 104 points, and so the pair did not reach the target level of 133.10 that was set by the embedded line

Laurie Bailey 03:51 2022-12-05 UTC+2

December 2, 2022 : EUR/USD daily technical review and trading opportunities.

The market remained under Selling pressure until the recent bullish break above 1.0000 was achieved. Now the market remains under buying pressure until significant downside rejection occurs around

Mohamed Samy 17:21 2022-12-02 UTC+2
Can't speak right now?
Ask your question in the chat.