empty
 
 
07.12.2015 01:44 PM
Technical analysis of EUR/USD for December 7, 2015
This image is no longer relevant

Overview:

  • The support of the EUR/USD pair has been already found at the level of 1.0790. The level of 1.0790 represents the weekly pivot point for 7-11, 2015. Furthermore, it will be very profitable to buy above this level in order to retest it in the long term. Therefore, buy deals are recommended above the weekly pivot point at 1.0790 with targets at 1.0925 and continues toward the point of 1.0980 to reach the double top.

Observations:

  • The level of 1.0790 represents the weekly pivot point and the level of 1.0801 coincides with the ratio of 61.8% Fibonacci retracement level).
  • We expect a range between the levels of 1.0801 and 1.1068.

The weekly technical analysis of EUR/USD pair:

This image is no longer relevant

Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first 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 $9000 more!
    In May we raffle $9000 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

Can't speak right now?
Ask your question in the chat.
Widget callback