InstaForex - Analytics


719.00 6.50/10
61% of positive reviews

Technical analysis of EUR/USD for December 04, 2015


Show full picture

When the European market opens, economic news on the Retail PMI and German Factory Orders m/m is due to be published. The US will release economic data on the Trade Balance, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So amid the reports, EUR/USD will move with medium to high volatility during this day.


Breakout BUY Level: 1.0973.

Strong Resistance:1.0967.

Original Resistance: 1.0956.

Inner Sell Area: 1.0945.

Target Inner Area: 1.0920.

Inner Buy Area: 1.0895.

Original Support: 1.0884.

Strong Support: 1.0873.

Breakout SELL Level: 1.0867.

Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree