EURUSD analysis for 02.12.2021
The EUR/USD pair recently attempted to break above the 1.13250 level, but it failed to build enough momentum and retreated as the US dollar stayed flat versus a wide range of other currencies.
The support rests at 1.13110 with resistance at 1.13330 which the price is moving below the Pivot Point at 1.13250 located between the lines. The EMA of 10 is moving horizontally below the EMA of 100 and the EMA of 200. The RSI is moving at the level of 50, the MACD histogram is in negative territory with a downward signal. The Stochastic is moving in low ranges. The ADX is moving horizontally.
• There is resistance at 1.13330, followed by resistance at 1.13470 and 1.13550.
• There is support at 1.13110 Below, there is 1.13030 and 1.12890.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.