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

2021-12-24T16:29:20

Relevance until2021-12-25

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.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

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