Market Analysis of EURUSD on Friday 8 December 2023

2023-12-08 10:12Source:BtcDana

EUR/USD Intraday: bullish bias above 1.0770.

 

Pivot:

1.0770

 

Our preference:

Long positions above 1.0770 with targets at 1.0815 & 1.0830 in extension.

 

Alternative scenario:

Below 1.0770 look for further downside with 1.0755 & 1.0740 as targets.

 

Comment:

Even though a continuation of the consolidation cannot be ruled out, its extent should be limited.

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