Main Quotes Calendar Forum
flag

FX.co ★ EUR/USD analysis for December 24, 2021 - Watch for breakout or rejection

parent
Forex Analysis:::2021-12-24T16:29:20

EUR/USD analysis for December 24, 2021 - Watch for breakout or rejection

Technical analysis:

EUR/USD analysis for December 24, 2021 - Watch for breakout or rejection

EUR/USD has been trading inside of the bigger sideways range. I see potential for downside rotation based on the current condition.

Trading recommendation:

Since the EUR is inside bigger sideways regime, watch for potential breakout of rejection of the upper extreme.

Upside breakout of 1,1380 can lead us towards 1,1515

Stochastic oscillator is showing bear divergence and overbought condition.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...