FX.co - EUR/USD analysis for December 28, 2021 - Symmetrical triangle in creation

2021-12-28T13:03:42

Relevance until2021-12-29

Technical analysis:

EUR/USD analysis for December 28, 2021 - Symmetrical triangle in creation

EUR/USD has been trading sideways at the price fo 1,1329 but there is potential for breakout or rejection of the key pivot.

Trading recommendation:

Key pivot resistance is set at the price of 1,1350/80.

In case of the rejection of the key pivot, watch for potential downside rotation towards 1,1265

In case of the upside breakout of the pivot at 1,1350/80, watch for continuation al patterns with potential upside objectives at 1,1445 and 1,1515.

Stochastic is showing up cross but from the neutral zone.

*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 28, 2021 - Symmetrical triangle in creation