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FX.co ★ EUR/USD analysis for December 15, 2021 - Fake breakout of the trading range in the background

EUR/USD analysis for December 15, 2021 - Fake breakout of the trading range in the background

Technical analysis:

EUR/USD analysis for December 15, 2021 - Fake breakout of the trading range in the background

EUR/USD has been trading upside today and we got upside trend established. Upside potential is big towards upper extreme of trading range.

Trading recommendation:

Due to potential fake breakout of the lower extreme of trading range, upside opportunities are preferable.

Watch for buying opportunities with the upside target at 1,1320.

Stochastic is showing fresh bull cross, which is another sign and confirmation for the upside movement.

Support level is set at 1,1254

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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