EurUsd should decide already
Since the recent low from 3 weeks ago, EurUsd is trading in a congesting range that looks like a symmetrical triangle.
Usually, this pattern is a continuation one, but considering the fact that December is statistically a weak USD month, we can have a break to the upside.
Such a break would not change the overall bearish trend, just lift some weight from Euro's shoulders and a new leg a correction can follow.
1.15 zone could be bulls target with negation under 1.1220
Wait and see is my approach for this pair
Usually, this pattern is a continuation one, but considering the fact that December is statistically a weak USD month, we can have a break to the upside.
Such a break would not change the overall bearish trend, just lift some weight from Euro's shoulders and a new leg a correction can follow.
1.15 zone could be bulls target with negation under 1.1220
Wait and see is my approach for this pair
Christmas & New Year Offer: 40% Discount- More Details: t.me/IacobMihai
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.