How to success trading on forex with home

Where to buy and correctly use trading advisers, strategies and indicators for Forex trading, Binary Options and Cryptocurrency investment

WallStreet Forex Robot 2.0 Evolution
Menu
  • About Us
  • Contact Us
  • Cookie Policy
  • Disclosure Policy
  • Privacy Policy
  • Terms of Use
Menu

Forex Analysis & Reviews: 23.12.2020

Posted on 23rd December 202024th December 2020 by admin123


Relevance up to 17:00 UTC+3

EUR/USD is retreating from around 1.2200, with pre-holiday trading.

Exchange Rates 23.12.2020 analysis

From a technical perspective, the pair, so far, has managed to defend a seven-week-old ascending trend-line. EUR/USD price are back in bull flag carved out in two weeks of December, following the bullish breakout above sideways range resistance .

EUR/USD is closely followed by the 1.2170 horizontal and trend-line support , which if broken decisively will be seen as the first sign of bullish exhaustion that would generate initial reversal signal .Some follow-through selling below the 1.2100 mark will add strength to the bearish break and turn the pair vulnerable to accelerate the fall further towards the key 1.2000 psychological mark.

On the flip side, the 1.2200 round-figure mark now seems to act as immediate resistance, above which the pair is likely to climb back to the 2020 High (1.2270) . Bulls might then wait for a sustained strength beyond the 1.2280 region, before positioning for any further gains to push the pair to the 1.2300 and next hurdle near the 1.2340 region.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Euro/US Dollar FX Spot Rate, FX Spot Rate, THOMSON REUTERS

Franc Beck,
Analytical expert
InstaForex Group © 2007-2020

Benefit from analysts’ recommendations right now

Top up trading account

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Finance



Forex original source link

Related posts

  • Forecast for EUR/USD on October 23, 2020
  • Forex Analysis & Reviews: 19.03.2021
  • Forex Analysis & Reviews: 24.02.2021

Please support our company - Share this now!

  • Tweet
  • pinit fg en rect gray 20 - Forex Analysis & Reviews: 23.12.2020
  • Telegram
  • energy
  • Euro/US Dollar FX Spot Rate, FX Spot Rate, THOMSON REUTERS
  • Finance
  • Financial markets
  • foreign exchange market
  • Franc Beck
  • Market Sentiment
  • Stock market
  • sustained energy
  • Leave a Reply Cancel reply

    Recent posts

    EA Builder Fibo Quantum Scalper

    Recent Comments

      Categories

      • Forex | Binary Options | Cryptocurrency articles (436)
      • Forex | Binary Options | Cryptocurrency indicators, EA and strategy (186)
      • Forex trading news, analysis and reviews (1,168)
      ©2021 How to success trading on forex with home | Design: Newspaperly WordPress Theme