Lihat juga
04.12.2023 05:55 PM
Forecast :
The EUR/USD pair trades in a a bearish channel below the weekly pivot point of 1.0919 to start the week.
The EUR/USD pair could struggle to gather bullish momentum unless risk mood improves.
ECB President Lagarde will be delivering a speech later in the day.
The EUR/USD pair started the new week under modest bearish pressure and was last seen moving up and down in a narrow band below the levels of 1.0919 and 1.0830.
The euro was a bit negative in the early hours of Monday but saw a significant amount of support just below the current trading levels.
RSI is stiil calling for negative deriction - bearish market - below 30.
Trading recommendations :
The trend is still bullish as long as the price of 1.0830 is not broken. Thereupon, it would be wise to sell below the price of at 1.0830 with the primary target at 1.0800. Then, the EUR/USD pair will continue towards the second target at 1.0722. The breakdown of 1.0722 will allow the pair to go further down to the prices of 1.0703. The stop loss hsould be placed above the pivot point 1.0919.
Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.
If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.
Why does your IP address show your location as the USA?
Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaTrade anyway.
We are sorry for any inconvenience caused by this message.
