empty
 
 
05.12.2022 10:15 AM
EUR/USD analysis for December 05, 2022 - Potential for the the biiger growth

Technical analysis:

This image is no longer relevant

EUR/USD has been trading upside as I expected and the price is heading towards the main upside objective. I see potential for the upside continuation.

Trading recommendation:

Due to the upside pressure and bullish trend in the background, I see potential for further upside continuation.

Watch for the potential buying opportunities on the dips. The zone around 1.0530-1.0490 seems like strong support.

Upside objective is set at 1.0690

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

Key support is set at the price of 1.0480-1.0490

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 $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

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