The EURUSD awaits confirmation signal – Analysis - 28-12-2021

The EURUSD pair didn’t show any strong move in the previous sessions, to stay stuck between the key levels represented by 1.1375 resistance and the support line that rises now to 1.1295, which keeps our neutrality valid until the price manages to breach one of the mentioned levels.

Note that breaking the mentioned support will press on the price to resume the main bearish trend that its next target located at 1.1150, while breaching the resistance represents the key to turn to rise and achieve gains that start by testing 1.1460 and might extend to 1.1560 areas.

The expected trading range for today is between 1.1250 support and 1.1400 resistance.

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