Technical Analysis : EUR/USD 16 December 2022

Forex Technical Analysis : EURUSD

Date : 16 December 2022

Pivot point : 1.0615

Our preference : long positions above 1.0615 with targets at 1.0685 & 1.0710 in extension.

Alternative scenario : below 1.0615 look for further downside with 1.0590 & 1.0570 as targets.

Comment : the RSI has just landed on its neutrality area at 50% and is turning up.

Supports and resistances :

1.0735 **
1.0710 *
1.0685
1.0646 – Last price
1.0615
1.0590 *
1.0570 **

Warning : This information isn’t a buy-sell signal.

Source : Trading Central

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