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Dec 2, 2023 9:13 AM

EUR/USD Daily Chart Analysis For Week of Dec 1, 2023 

Euro Fx/U.S. DollarFXCM

Description

Technical Analysis and Outlook:
After completing our designated Inner Currency Rally 1.099 target this week's session, the Eurodollar performed as flagged in our EUR/USD Daily Chart Analysis for Nov 24 by dropping it to a primary pivotal squeeze to Mean Sup 1.087. The current price action suggests a dead-cat bounce to Mean Res 1.092 with a potential rise to retest the completed Inner Currency Rally 1.099 with a follow-through squeeze.
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