02.12.202114:28 Forex Analysis & Reviews: EUR/USD analysis for December 02, 2021 - Breakout of the contraction

Technical analysis:

Exchange Rates 02.12.2021 analysis

EUR/USD has been trading upside and there is the big selling climax in the background, which is sign for the further rally.

Trading recommendation:

Due to massive selling climax in the background on EUR and upside breakout of contraction today, I see potential for further rise,.

Watch for buying opportunities with the upside objectives at 1,1358 and 1,1380.

Stochastic oscillator is showing strong reading with no signs for the reversal.

Key support is set at 1,1300

*Phân tích thị trường được đăng tải ở đây có nghĩa là để gia tăng nhận thức của bạn, nhưng không đưa ra các chỉ dẫn để thực hiện một giao dịch.

Petar Jacimovic,
Chuyên gia phân tích của InstaForex
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