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Forex Technical Analysis & Forecast 27.12.2022

From robomarkets.com

The currency pair has finished correcting to 1.0659. Today a consolidation range might form under this level. With an escape downwards, a new wave of decline to 1.0610 should start. With a breakaway of this level, a pathway to 1.0560 will open, followed by a correction to 1.0600 (a test from below). Then a decline to 1.0460 should follow. The goal is first. {chart} The currency pair continues developing a consolidation range around 1.2050. Today a link of growth to 1.2110 is not excluded. After this level is reached, the quotes may go down to 1.1940, then correct to 1.2140, and then fall to 1.1850. The goal is first. ... (full story)

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  • Category: Technical Analysis