EUR/USD analysis for December 31 2020 – Potential for the ABC completion and further rise towards 1.2300

Manufacturing 51.9

  • expected 52.0, prior 52.1

Non-manufacturing 55.7

  • expected 56.3, prior 56.4

Composite 55.1

  • prior 55.7

All three slipping back a little on the month and still expanding.

Further Development

Analyzing the current trading chart of EURUSD, I found that there is sellers today on the market but that there is also potential for the abc downside correction completion, which is sign for the further rise.

Key Levels:

Resistance: 1,2285 and 1,2300

Support level: 1,2265

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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