So. We will look to some part of the charts. Currency pair Euro to Usd, in my opinion, will be growing up. Some our exponential moving averages steel under a price. But some time later we can see another direction from this place. So. almost all the time in the Forex we will have 2 direction. I think 70% traders will continue trade in "buy". Unfortunately, it will not always. We can see horizontal channel with borders from like around EURUSD=1.3160 to EURUSD=1.3290. I think after this flat currency pair will continue move up. I try to explain you my opinion.
 |
| EUR/USD Weekly Forex Forecast on December |
Let is go to next screenshot chart.
 |
| Currency pair Eur/Usd with time frame Daily and market targets. |
On this chart we can see level Fibonacci with market possible targets. First target by Fibonacci levels will be EURUSD=1.3420 it is show on the small Fibonacci levels. Next, Target we found by big Fibonacci levels and it is will be 1.3610 and then, we can establish target to 1.3800-1.3870.
Stop Loss we recommended install not lower than 1.2600. This is for long term strategy.
Also all the time we recommended checking Forex market. For example in this chart we can see Divergence between AO (MACD) and FOREX pair. Take a look at the chart.
 |
| Divergence on The FOREX Market on the Eur/Usd between MACD and currency pair. |
First and last day EURUSD
USDJPY FOREX Forecast
Independent FOREX Research is a personal informational educational blog all about the foreign exchange market.
My the previous forecasts:
Early December Forex Forecasts on the Eur/Usd and
November weekly FOREX Forecast on EURUSD
0 comment:
Post a Comment