empty
 
 
29.12.2021 08:07 AM
Trading plan for EUR/USD for December 29, 2021

This image is no longer relevant

Technical outlook:

EUR/USD dropped to 1.1290 on Tuesday before finding support and bouncing sharply toward the 1.1320 level. The pair declined lower to 1.1305 at the time of writing. It is expected to rally toward 1.1340 in the near term. If it rises above 1.1350-60, it is likely to test 1.1375 before finding resistance again. Strong short-term support is seen around the 1.1222 mark.

EUR/USD is expected to break out of its consolidation range between 1.1250 and 1.1340 soon as bulls prepare to push through the 1.1500 and 1.1700 levels. Please note that the price needs to consolidate above 1.1235 and broadly above the 1.1186 mark to keep its bullish structure intact. A consistent drop below 1.1186 would open the door to test 1.1160 support.

EUR/USD had earlier rallied between the 1.0636 and 1.2350 levels, carving a meaningful upswing. The corrective drop might be complete toward the 1.1186 mark on November 24. The high probability remains for another upswing to resume toward 1.2350 and higher. A break above 1.1690, which is the next resistance on the daily chart, will confirm that bulls are back in control and here to stay.

Trading plan:

Potential rally towards 1.1500 and 1.1700, against 1.1150.

Good luck!

Oscar Ton,
Especialista em análise na InstaForex
© 2007-2025
Summary
Urgency
Analytic
Oscar Ton
Start trade
Ganhe com as variações das taxas das criptomoedas com a InstaForex.
Baixe o MetaTrader 4 e abra a sua primeira operação.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    PARTICIPE DO CONCURSO
  • Chancy Deposit
    Deposite US $ 3.000 em sua conta e receba $6000 mais!
    Em Dezembro nós sorteamos $6000 na campanha Chancy Deposit!
    Tenha a chance de ganhar, depositando $3,000 em sua conta de negociação. Após cumprir essa condição, você se torna um participante da campanha.
    PARTICIPE DO CONCURSO
  • Trade Wise, Win Device
    Abasteça a sua conta com pelo menos $500, inscreva-se no concurso e tenha a chance de ganhar dispositivos móveis.
    PARTICIPE DO CONCURSO
  • Bônus de 30%
    Receba um bônus de 30% toda vez que você fizer um depósito em sua conta
    RECEBA O BÔNUS

Recommended Stories

Não pode falar agora?
Faça sua pergunta no chat.
Widget callback