Technical Analysis : EUR/USD 6 December 2022

Forex Technical Analysis : EURUSD

Date : 6 December 2022

Pivot point : 1.0520

Our preference : short positions below 1.0520 with targets at 1.0455 & 1.0425 in extension.

Alternative scenario : above 1.0520 look for further upside with 1.0540 & 1.0565 as targets.

Comment : as long as the resistance at 1.0520 is not surpassed, the risk of the break below 1.0455 remains high.

Supports and resistances :

1.0565 **
1.0540 *
1.0520
1.0492 – Last price
1.0455
1.0425 *
1.0395 **

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

Source : Trading Central

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