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Abstract:The volatility of the euro/dollar currency pair as of December 7 is 92 points and is characterized as "high".
The volatility of the euro/dollar currency pair as of December 7 is 92 points and is characterized as “high”. Thus, we expect the pair to move today between the levels of 1.2020 and 1.2214. A reversal of the Heiken Ashi indicator downwards signals a new round of corrective movement.
Nearest support levels:
S1 – 1.2085
S2 – 1.2024
S3 – 1.1963
Nearest resistance levels:
R1 – 1.2146
R2 – 1.2207
R3 – 1.2268
Trading recommendations:
The EUR/USD pair started to adjust. Thus, today it is recommended to open new buy orders with a target of 1.2207 and 1.2214 if the Heiken Ashi indicator turns up again. It is recommended to consider sell orders if the pair is fixed below the moving average with targets of 1.2020 and 1.1963.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.