Technical analysis of EUR/USD 05/12/2021
EUR/USD currency pair on the daily timeframe has broken through and consolidated above the resistance of 1.2100. The pair is currently trading in the area of 1.2150. The breakout of 1.2100, (61.8% Fib), (MA100) and the upper line of the downtrend means a trend change to an upward one.
The technical projection shows the annual high of 1.2345 as the level of attraction and key resistance.
Cancellation of the growth development option to the level of 1.2345 will be a decline below 1.1950 (MA200) on the daily chart.
Created by Joshua Hayn