FX.co - EUR/USD analysis for December 31, 2021 - Key resistance set at 1.1385

2021-12-31T14:19:16

Relevance until2022-01-01

Technical analysis:

EUR/USD analysis for December 31, 2021 - Key resistance set at 1.1385

EUR/USD has been trading sideways at the price of 1,1340. Watch for potential upside breakout of key resistance at 1,1385.

Trading recommendation:

Due to sideways market, watch for potential breakout mode.

If the price breaks the level of 1,1385 and build continuation patterns, watch for buying opportunities with the main objective at 1,1500.

Stochastic is showing upside regime and no signs for the reversal.

Key support is set at the price of 1,1215

*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 31, 2021 - Key resistance set at 1.1385