FX.co ★ Indicator analysis: EUR/USD daily review on December 26, 2023

Trend analysis (Fig. 1)

On Tuesday, from the level of 1.1012 (closing of Friday's daily candle), EUR/USD will rise and test the historical resistance level of 1.1063 (blue dashed line). After that, the pair may start moving downwards.

Fig. 1 (daily chart)

Comprehensive analysis:

Indicator analysis - uptrend

volume- uptrend

Candlestick analysis - uptrend

Trend analysis - uptrend

Bollinger bands - uptrend

Weekly chart - uptrend

Conclusion: Moving upwards from the level of 1.1012 (closing of Friday's daily candle), EUR/USD will test the historical resistance level of 1.1063 (blue dashed line), followed by the start of a price decline.

Alternatively, it could climb from the level of 1.1012 (closing of Friday's daily candle) to the historical resistance level of 1.1063 (blue dashed line), and then move further upward.