empty
 
 
06.12.2024 02:59 PM
Trading Signals for EUR/USD for December 6-9, 2024: sell below 1.0620 (200 EMA - 3/8 Murray)

This image is no longer relevant

Early in the American session, the EUR/USD pair is trading around 1.0579, above the 21 SMA, and below the 3/8 Murray with a bullish bias.

Yesterday during the American session, the euro managed to cover the gap left around 1.0576 and is now consolidating around this area. If the bullish force prevails, EUR/USD could reach 1.0620 or 1.0643 (200 EMA) in the next few hours.

A technical correction is likely to occur in the next few days as the eagle indicator is reaching the overbought zone. We believe the outlook will be negative for the euro below 1.0643. So, the instrument could reach 1.0417 in the short term where it left a gap on November 21.

A break and consolidation below 1.0532 could be seen as a bearish signal.

Dimitrios Zappas,
Analytical expert of InstaForex
© 2007-2024
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 $6000 more!
    In December we raffle $6000 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