Post #754

EUR/USD TECHNICAL ANALYSIS FOR DECEMBER 22 2022 The EURO/USD has been trading in a Range bound market for days now due to the approaching Festive Holidays. Price is curently trapped in between Resistance 1.0658 and Support 1.0583 as shown in the Picture. Also Stochastic Oscillator shows the Pair is currently overbought and we expect to see EUR/USD move downwards to test demand zone before likely bouncing back upward again. Since there are no High impact Fundamental indicators today to create a strong trend, we expect the market to stay Range bound for now. A break above 1.0658 and a retest will confirm Bullish continuation while a break below 1.0583 with a retest of the Support will confirm Bearish continuation.