FX.co ★ Trading Signal for EUR/USD for December 25 - 28, 2020

Trading tip for EUR/USD for December 25 – 28

Sell below (EMA 200 and SMA 21) around 1.2170, with take profit at 1.2146 (7/8 of murray) and 1.2085, stop loss above 1.2210.

Buy if the pair rebounds around 1.2146 (7/8 of murray), with take profit at 1.2207 (8/8 of murray) and 1.2268, stop loss below 1.2115.

Sell if the pair breaks through 1.2140, (7/8) with take profit at 1.2085, stop loss above 1.2175.

The EUR/USD pair is trading within a technical pattern called a symmetric triangle, this pattern could give us a bearish target if it breaks through the bottom of the triangle line with the targets at 6/8 Murray at 1.2085.

If it fails to break out and EUR/USD consolidates and trades above the 21 SMA around 1.2205, we could buy with the target at +1/8 murray, 1.2268.

Support And Resistance Levels For December 25-28

Resistance (1) 1.2216

Resistance (2) 1.2252

Resistance (3) 1.2284

Support (1) 1.2149

Support (2) 1.2118

Support (3) 1.2082