FX.co ★ EUR/USD analysis for December 21, 2022 - Breakout of the support

Technical analysis:

EUR/USD has been trading downside and I found that market is breaking support at 1.0600 and there is potential for the further downside movement.

Trading recommendation:

Due to the rejection of the key resistance at the price of 1.0640, I see potential for the furtehr downside movement.

Watch for the potential selling opportunities with the downside objective at 1.0580.

Stochastic oscillator is showing fresh bear cross and potential for the downside movement.

Key resistance is set at the price of 1.0650