Indicator analysis: Daily review on December 3, 2019, on EUR / USD currency pair.

Trend analysis (Fig. 1).

On Tuesday, the first lower target is a pullback level of 23.6% which is equivalent to 1.1065 presented in a blue dashed line. If successful, the next lower target 1.1049 is the retracement level of 38.2% presented in a blue dashed line. From the level of 1.1049, we can expect upper work with the target of 1.1091, the upper fractal presented in a blue dashed line.

Fig. 1 (daily chart).

Comprehensive analysis:

– Indicator analysis – down;

– Fibonacci levels – down;

– Volumes – down;

– Candlestick analysis – down;

– Trend analysis – up;

– Bollinger Lines – up;

– Weekly schedule – up.

General conclusion:

On Tuesday, a pullback downward movement is possible.

The first lower target is the retreating level of 23.6% equivalent to 1.1065, presented in a blue dashed line. If successful, the next lower target 1.1049 is a retracement level of 23.6% presented in a blue dashed line. From the level of 1.1049, we can expect upper work with the target of 1.1091, the upper fractal in a blue dashed line. If the price does not fall below 1.1049, then we open up the market.

An unlikely, but possible scenario is a price fall down to a pullback level of 50% which is equivalent to 1.1037, presented in a blue dashed line.

The material has been provided by InstaForex Company – www.instaforex.com

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MOKAR

Author: MOKAR

Mula berdagang dalam pasaran forex sejak tahun 2003. Manakala pasaran bursa saham tempatan dan global pada tahun 2018. Menjadikan trading online sebagai kerjaya sepenuh masa pada tahun 2019. Kerjaya sebelum ini adalah seorang salesman kereta. Berpengalaman dengan pelbagai teknik dan perguruan tetapi akhirnya sangat serasi dengan teknik FMCBR @ Fibo Musang melalui guruku Cikgu Baha & Cikgu Zul.

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