empty
 
 
Stai per lasciare
www.instaforex.eu >
il sito gestito da
INSTANT TRADING EU LTD
Apri un conto

20.12.201918:21 Forex Analysis & Reviews: December 20, 2019 : EUR/USD Intraday technical analysis and trade recommendations.

Queste informazioni sono fornite ai clienti al dettaglio e professionisti come parte della comunicazione di marketing. Non contiene e non deve essere interpretata come contenente consigli di investimento o raccomandazioni di investimento o un'offerta o una sollecitazione a impegnarsi in qualsiasi transazione o strategia in strumenti finanziari. Le performance passate non sono una garanzia o una previsione delle performance future. Instant Trading EU Ltd. non rilascia alcuna dichiarazione e non si assume alcuna responsabilità in merito all'accuratezza o completezza delle informazioni fornite, o qualsiasi perdita derivante da qualsiasi investimento basato su analisi, previsioni o altre informazioni fornite da un dipendente della Società o altri. Il disclaimer completo è disponibile qui.

Exchange Rates 20.12.2019 analysis

Since October 2, the EURUSD pair has been trending-up until October 21 when the pair hit the price level of 1.1175.

The price zone of (1.1175 - 1.1190) stood as a significant SUPPLY-Zone that demonstrated bearish rejection for two consecutive times in a short-period.

Hence, a long-term Double-Top pattern was demonstrated with neckline located around 1.1075-1.1090 which got broken to the downside on November 7.

On the other hand, the price levels around 1.1000-1.0995 stood as significant DEMAND zone which has been offering adequate bullish SUPPORT for the pair so far.

Shortly-after, the EUR/USD pair has been trapped within a narrower consolidation range between the price levels of 1.1000 and 1.1085-1.1100 (where a cluster of supply levels and a Triple-Top pattern were located) until December 11.

That's when significant bullish swing was initiated around 1.1040 allowing the current recent bullish breakout above 1.1110 to pursue towards 1.1175 within the depicted newly-established bullish channel.

Intraday bearish rejection was expected around the price levels of (1.1175). Quick bearish decline was demonstrated towards 1.1115 (38.2% Fibonacci level).

Recently, the price level of 1.1115 stood as a temporary Intraday demand level that prevented further bearish decline for a while before further bearish decline was demonstrated earlier Today.

Bearish breakout below 1.1080 probably indicates further bearish decline to be anticipated towards 1.1065.

On the other hand, any bullish pullback towards 1.1115 should be watched for bearish rejection and another SELL entry.

If earlier bearish decline is demonstrated, next bearish projection target would be located around 1.1010.

Trade recommendations :

Conservative traders should wait for a bullish pullback towards 1.1115 ( reversal pattern neckline ) as a valid SELL signal.

Bearish projection target to be located around 1.1090, 1.1040 and 1.1010.

Eseguito da Mohamed Samy
Esperto analista di InstaForex
© 2007-2024

Apri un conto di trading

Le recensioni analitiche di InstaForex ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaForex, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.




Stai per lasciare www.instaforex.eu, il sito Web gestito da INSTANT TRADING EU LTD
In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.

Turn "Do Not Track" off