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09.12.202108:51 Forex Analysis & Reviews: Technical analysis of Pfizer for December 9, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Exchange Rates 09.12.2021 analysis

The major cup with handle pattern we pointed out back on August 4 has been triggered for a rally towards the Cup with handle target near 83.34. We are sure that the major players will do everything in their power to cut away the smaller fish, but now is the time to hold on for the rally coming as the major cup with handle pattern plays out.

Support is currently seen at 47.44 which ideally will protect the downside for the next push higher towards the 83.34 target

Torben Melsted
Analytical expert of InstaForex
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