empty
 
 

Forex Analysis & Reviews: December 7, 2022 : EUR/USD daily technical review and trading opportunities.
time 07.12.2022 09:11 PM
time Relevance up to, 08.12.2022 09:11 PM

This image is no longer relevant

Price levels around 1.1700 has been holding prices for a short period of time before another price decline took place towards 1.1200.

Shortly after, the price zone around 1.1500 has applied significant SELLING pressure when a valid SELL Entry was offered upon the previous ascending movement towards it.

Since then, the EUR/USD pair has been moving downwards reaching the price levels of 1.0850, 1.0400, 1.0000 and recently 0.9600.

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 one of the key- levels probably around 1.0600.

In the mean time, any downside movement towards 1.0000 should be watched for BUYING pressure where a new upside movement can be established.

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 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.

  • 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 $1000 more!
    In February we raffle $1000 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 February 02, 2023

The bullish trend is currently very strong on the EUR/USD pair. As long as the price remains above the support levels of 1.2218, you could try to benefit from

Mourad El Keddani 20:51 2023-02-02 UTC+2

Technical analysis of EUR/USD for February 02, 2023

The EUR/USD pair will continue to rise from the level of 1.0802. The support is found at the level of 1.0890, which represents the 38.2.% Fibonacci retracement level

Mourad El Keddani 20:27 2023-02-02 UTC+2

February 2, 2023 : EUR/USD daily technical review and trading opportunities.

The price zone around 1.1500 has applied significant SELLING pressure upon the previous ascending movement towards it. Shortly after, the EUR/USD pair has been moving downwards reaching the price levels

Mohamed Samy 19:10 2023-02-02 UTC+2

February 2, 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 19:09 2023-02-02 UTC+2

February 2, 2023 : GBP/USD Intraday technical analysis and significant key-levels.

Price action around 1.2340 was being watched for bearish rejection and a short-term SELL Entry. It was running in profits until the current bullish bounce has been expressed. Please take

Mohamed Samy 19:08 2023-02-02 UTC+2

EUR/USD: sell-off seems over. New leg higher?

The EUR/USD pair dropped like a rock in the short term as the Dollar Index rebounded. Now, it's trading at 1.0926 above today's low of 1.0885. The pair extended

Ralph Shedler 18:06 2023-02-02 UTC+2

Gold: natural drop post BOE & ECB

The price of gold climbed as much as 1,959 but it has failed to stay near this new high and now is located at 1,924. After its strong rally

Ralph Shedler 17:15 2023-02-02 UTC+2

Technical analysis on GBPUSD for February 2nd, 2023.

GBPUSD is trading around 1.2317. In contrast to EUR that is making new highs for 2023 against the Dollar, the British Pound remains weak below the double top formation

Alexandros Yfantis 15:33 2023-02-02 UTC+2

Trading Signal for EUR/USD for February 2-3, 2023: sell below 1.0986 (21 SMA- 5/8 Murray)

The latest Japanese candles are showing that the euro could make a technical correction in the next few hours. Therefore, we could sell below 1.0985 (5/8 Murray), with targets

Dimitrios Zappas 15:28 2023-02-02 UTC+2

Gold breaks above $1,950.

Gold price soared from $1,900 lows two days ago towards $1,960 today. Price made a new higher high at $1,959. Trend remains bullish. Despite the new higher high in price

Alexandros Yfantis 15:27 2023-02-02 UTC+2
Can't speak right now?
Ask your question in the chat.