Technical Analysis : EUR/USD 8 December 2022

Forex Technical Analysis : EURUSD

Date : 8 December 2022

Pivot point : 1.0485

Our preference : long positions above 1.0485 with targets at 1.0530 & 1.0550 in extension.

Alternative scenario : below 1.0485 look for further downside with 1.0465 & 1.0440 as targets.

Comment : a support base at 1.0485 has formed and has allowed for a temporary stabilisation.

Supports and resistances :

1.0570 **
1.0550 *
1.0530
1.0504 – Last price
1.0485
1.0465 *
1.0440 **

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

Source : Trading Central

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