empty
 
 
03.12.2015 12:34 PM
EUR/USD technical analysis for December 3, 2015

With the ECB press conference just a few hours away, everyone is expecting ECB President Mario Draghi to unveil the strategy regarding the extension size of the QE program. The trend in EUR/USD remains bearish, but technically there are many chances of a big bounce.

This image is no longer relevant

Red line - weekly trend-line support

The weekly chart above shows that the price got rejected at the weekly cloud resistance at 1.1350-1.14 and we are heading towards new lows. The trend line from 2008 is giving us the 1.02-1.03 area as the target to finish the decline. Stochastic oscillator is at oversold levels so we can find an important bottom anywhere between 1.01 and 1.03.

This image is no longer relevant

Blue lines - bullish wedge

The pair is grinding lower inside a wedge and below the Ichimoku cloud. The trend remains bearish. The 1.0640 mark is an important resistance, and the level of 1.05 is a wedge support. Before a bullish reversal we could see a throwover below the support of 1.05 towards 1.04. I prefer to be neutral today and wait and act after the ECB press conference.

Alexandros Yfantis,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Alexandros Yfantis
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback