EUR / USD
Western Christmas ends. Today Europe is still resting, but the United States is opening. In the thin market, only one "special operation" was carried out, from December 24, oil was pushed through this morning by 5.98%. But this is enough for investors to continue to look at the American dollar without hesitation. The only question is when exactly the dollar will continue to strengthen the medium-term. But, I think, within 10 days.
If such a decline comes closer to the end of the term we have defined, the euro may rise to the range of 1.1526 / 75, if at the beginning, the reversal may begin today, as the price found resistance from the embedded trend line of the price channel on the daily chart.
But the actual signal for a medium-term decline will be price fixing below the December 21 low (1.1356), which will mean that the price has disappeared below the balance line on the daily timeframe and under the Kruzenshtern line on the four-hour chart.
