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FX.co ★ EUR/USD analysis for December 28, 2021 - Symmetrical triangle in creation

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Forex Analysis:::2021-12-28T13:03:42

EUR/USD analysis for December 28, 2021 - Symmetrical triangle in creation

Technical analysis:

EUR/USD analysis for December 28, 2021 - Symmetrical triangle in creation

EUR/USD has been trading sideways at the price fo 1,1329 but there is potential for breakout or rejection of the key pivot.

Trading recommendation:

Key pivot resistance is set at the price of 1,1350/80.

In case of the rejection of the key pivot, watch for potential downside rotation towards 1,1265

In case of the upside breakout of the pivot at 1,1350/80, watch for continuation al patterns with potential upside objectives at 1,1445 and 1,1515.

Stochastic is showing up cross but from the neutral zone.

Analyst InstaForex
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