Trading Signal for EUR/USD for December 9-11, 2024:

We could expect EUR/USD to continue rising and thus, cover the gap left at 1.6466. finally, the instrument could reach the 200 EMA around 1.07187. According to the H4 chart, we can see that the euro is overbought, which means that any attempt to continue rising will be seen as an opportunity to sell. Our trading plan for the next few hours is to sell the euro below 1.04790. or wait for confirmation above 1.06124. to buy.