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EUR / USD – attempts to roll over to the other side ?!


Good day!

The EUR / USD pair has broken through the “psychological” horizontal 1.2000 and is trying to gain a foothold above it. Basically, if tomorrow quotes remain above 1.2000, the upward movement can be expected to continue. In this case, it is interesting to look at the option of returning to the broken level with the possibility of a subsequent rebound upward:

Gold returns to the broken level of 1850.00, from which the price can bounce down again. Here the option of forming a top for a noble metal looks interesting, although it is too early to talk about a reversal of the current trend:

EUR / USD - attempts to roll over to the other side ?!

Sterling “moves” along the broken ascending channel and thus came close to the strong horizontal resistance 1.3480. So far, the basic scenario is as follows – a rebound from the broken downtrend downward, although short-term surges and touching the resistance level are possible:

EUR / USD - attempts to roll over to the other side ?!

Oleg Svirgun

Technical analysis

03.12.2020

Tickmill Research Team

Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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