FX.co - EUR/USD analysis for December 29, 2022 - Key resistance zone is on the test at 1.0640

29 December 2022 at 8:25AM (UTC+0)

Relevance until30 December 2022 at 8:25AM (UTC+0)

Technical analysis:

EUR/USD analysis for December 29, 2022 - Key resistance zone is on the test at 1.0640

EUR/USD has been trading upside this morning and there is potential for the reject or the breakout of the key resistance zone.

Trading recommendation:

In case of the test and reject of the key resistance zone at 1.0638, watch for selling opportunities towards the support zone at 1.0610

In case of the upside breakout and hold above the resistance zone, watch for buying opportunities with the upside objective at 1.0655

*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 29, 2022 - Key resistance zone is on the test at 1.0640