Sun, Dec 04, 2022 @ 08:02 GMT

EUR/USD Under Pressure

Pivot (invalidation): 1.1550

Our preference Short positions below 1.1550 with targets at 1.1510 & 1.1490 in extension.

Alternative scenario Above 1.1550 look for further upside with 1.1575 & 1.1600 as targets.

Comment As Long as 1.1550 is resistance, look for choppy price action with a bearish bias.

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Featured Analysis

Learn Forex Trading