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Sunday, December 12, 2021

EUR/USD Analysis - It Will Head Upward

EUR/USD Analysis - It Will Head Upward


Welcome back! Here's an analysis of this pair!

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** Current technicals point to a bearish bias on the weekly of EU. After a deep push to the downside and minor correction, sellers struggled to break lower than 1240.

A break of above 1352 would signal next target at 1450 zone (previous weekly resistance). Volatility may begin to slow as we approach the holidays so don't expect major movement from this pair.

We recommend that you keep this pair on your watchlist and enter when the entry criteria of your strategy is met.

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