EUR/USD Price Analysis: Immediately to the upside aligns 1.0614

Market news

5 December 2022

EUR/USD Price Analysis: Immediately to the upside aligns 1.0614

EUR/USD keeps the bid bias unchanged around 1.0550.
Extra gains are expected to meet the next hurdle at 1.0614.

EUR/USD manages to accelerate gains and visit the 1.0580/85 band at the beginning of the week.

Further upside in the pair is now likely to pick up pace following the recent surpass of the 200-day SMA and the 10-month resistance line. Against that, there are no resistance levels of note until the June high at 1.0614 (June 27).

Further upside in EUR/USD remains on the cards while above the 200-day SMA, today at 1.0362.

EUR/USD daily chart

Currencies. Daily history for Monday, December 5, 2022

Commodities. Daily history for Friday, December 2, 2022

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.