empty
 
 
04.12.2023 09:45 AM
Indicator analysis: Daily review of EUR/USD on December 4, 2023

Trend analysis (Fig. 1).

The EUR/USD currency pair may move downward from the level of 1.0881 (closing of Friday's daily candle) to 1.0861, the 50.0% pullback level (blue dotted line). From this level, an upward movement is possible with a target at the 1.0924 resistance level (white thick line). In the case of testing this level, the price may continue to rise with a target of 1.0944, the 14.6% pullback level (yellow dotted line), where a downward movement is possible.

This image is no longer relevant

Fig. 1 (daily chart).

Comprehensive analysis:

  • Indicator analysis – down;
  • Fibonacci levels – down;
  • Volumes – down;
  • Candlestick analysis – up;
  • Trend analysis – down;
  • Bollinger bands – up;
  • Weekly chart – down.

Today, the price may move downward from the level of 1.0881 (closing of Friday's daily candle) to 1.0861, the 50.0% pullback level (blue dotted line). From this level, an upward movement is possible with a target at the 1.0924 resistance level (white thick line). In the case of testing this level, the price may continue to rise with a target of 1.0944, the 14.6% pullback level (yellow dotted line), where a downward movement is possible.

Alternatively, the price may move downward from the level of 1.0881 (closing of Friday's daily candle) to 1.0846, the 21-day EMA (black thin line). From this level, an upward movement is possible with a target at the 1.0924 resistance level (white thick line).

Summary
Urgency
Analytic
Sergey Belyaev
Start trade
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $10000 más!
    ¡En Enero, sorteamos $10000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback