Market Analysis of EURUSD on Tuesday 5 December 2023

2023-12-05 10:42Source:BtcDana

EUR/USD Intraday: key resistance at 1.0865.

 

Pivot:

1.0865

 

Our preference:

Short positions below 1.0865 with targets at 1.0800 & 1.0780 in extension.

 

Alternative scenario:

Above 1.0865 look for further upside with 1.0890 & 1.0915 as targets.

 

Comment:

As long as the resistance at 1.0865 is not surpassed, the risk of the break below 1.0800 remains high.

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