Market Analysis of EURUSD on Monday 6 December 2021

2021-12-06 09:10Source:BtcDana

 EUR/USD Intraday: bullish bias above 1.1290.

 

Pivot:

1.1290

 

Our preference:

Long positions above 1.1290 with targets at 1.1330 & 1.1345 in extension.

 

Alternative scenario:

Below 1.1290 look for further downside with 1.1270 & 1.1255 as targets.

 

Comment:

A support base at 1.1290 has formed and has allowed for a temporary stabilisation.


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