FX.co ★ EUR/USD analysis for December 30, 2021 - Potential for downside rotation

Technical analysis:

EUR/USD has been trading flat today at the price of 1,1330 but there is potential for the downside rotation towards 1,1300.

Trading recommendation:

EUR/USD is still trading in the big sideways regime on thee higher time-frame but there is potential for the downside rotation on intraday prospective.

Watch for selling opportunities on the rallies with the downside objective at 1,1300 ad 1,1285.

Stochastic is showing extreme overbought condition, which is sign for potential downside rotation.

Key support is set at the price of $1,790