The EURUSD achieves intraday gains – Analysis - 23-12-2021

The EURUSD pair breached 1.1290 level clearly to head towards potential test to 1.1375 level, facing contradiction between the technical factors, which makes us prefer to stay aside until we get clearer signal for the next trend, which we will get through breaching 1.1375 resistance or breaking 1.1280 support.

Note that breaking the mentioned support will press on the price to continue the main bearish bias and head towards 1.1150 as a next negative target, while breaching the resistance represents the key to start correctional bullish wave that targets testing 1.1440 areas initially.

The expected trading range for today is between 1.1250 support and 1.1420 resistance.

The expected trend for today: Depends on the above mentioned levels