FX.co ★ Short-term technical analysis on EURUSD for December 29th, 2022.

Green line- resistance

Black line- support

EURUSD is trading around 1.0645. As expected volatility is low during this holiday season. Price continues trading sideways and we give very little chances of a break out above resistance or a break below support until next week. EURUSD remains below the key short-term resistance of 1.0660 and above the key short-term support at 1.0570. A break out of this range will provide a new trading signal with 1.0750 and 1.04 as the first targets, depending on the direction of the break out. Until then, trend is neutral in the near term.