02.12.202407:55 Forex Analysis & Reviews: Technical Analysis of Intraday Price Movement of EUR/USD Main Currency Pairs, Monday December 02, 2024.

Relevance up to 22:00 2024-12-02 UTC--5

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

On the 4-hour chart, the EUR/USD major currency pair is seen strengthening, which is confirmed by the appearance of a Bullish 123 pattern followed by the appearance of 2 Bullish Ross Hook (RH) and the presence of hidden deviations between the Fiber price movement and the Stochastic Oscillator indicator so that as long as there is no correction that is deep enough and significant, especially if it breaks through and closes below the 1.0368 level, EUR/USD has the potential to strengthen to the 1.0665 level and if the momentum and volatility support it, 1.0735 will be the next target to be aimed for.

(Disclaimer)

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.