FX.co ★ EUR/USD analysis for December 21, 2021 - Upside potential towards 1.1360

Technical analysis:

EUR/USD has been trading sideways today but I see potential for the rally towards upper extreme of the bigger trading range.

Trading recommendation:

Due to the upside rejection in the background from the key support of the trading range I see potential for the upside movement.

Watch for buying opportunities on the intraday pullbacks with the upside objective at 1,1360

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside rotation.

Key support level is set at 1,1221