Technical Analysis of EUR/USD for December 6, 2022

Let’s take a look at the technical picture of USD/CAD, GBP/USD, AUD/USD

Let’s take a look at the technical picture of USD/CAD, GBP/USD, AUD/USD

Watch for buying opportunities on the EUR and GOld

Technical Market Outlook: The GBP/USD pair has extended the up move towards the level of 1.2343 despite the extremely overbought market conditions. There is a clear bearish divergence made between

The pound-dollar pair may move downward from the level of 1.2187 (closing of yesterday’s daily candle) to 1.2126, the 8-period EMA (thin blue line). When testing this level, an upward

The euro-dollar pair may move downward from the level of 1.0489 (closing of yesterday’s daily candle) to the 1.0410 support level (thick blue line). From this level, an upward movement

Technical analysis: BTC/USD has been trading downside at the price of $17.000. Anyway, I see potential for the further rally due to strong support on the test. Trading recommendation

Yesterday, the bulls entered the range of 1.0611. By the close of the day, the price pulled back from resistance. If bearish sentiment keeps growing a pullback may be confirmed

Technical analysis: Gold has been trading downside at the price of $1.768. Anyway, I see potential for the further rally due to strong support on the test. Trading recommendation