Technical analysis of EUR/USD, USD/JPY, GBP/USD, SP500, Gold and Bitcoin

The Eagle indicator is showing overbought signs. So, we believe that in case of a sharp break in the bullish trend channel, EUR/USD could gain downward momentum and reach 2/8 Murray at 1.1596 and finally the 0/8 Murray at 1.1475.

A good area to open short positions could be if the price reaches the $96,000 level. Below this area, we could expect a strong technical correction.

Technically, the Eagle indicator is showing a negative signal. So, if there is a technical rebound above $3,125, we could expect ETH to hit a strong resistance level around $3,200, which would signal a resumption of selling with a target at $2,802.

Gold could continue its rise in the coming hours if it consolidates above $4,220.

In the medium term, the upward trend for EUR/USD remains intact, although pullbacks will occur.

The IMF expresses concerns about the future of central banks.

USD/JPY: Tips for Beginner Traders on December 5 (US Session)

GBP/USD: Tips for Beginner Traders on December 5 (US Session)

EUR/USD: Tips for Beginner Traders on December 5 (US Session)