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15.12.2021: Forex Analysis & Reviews: EUR/USD analysis for December 15, 2021 - Fake breakout of the trading range in the background


Technical
analysis:

analytics61b9dfdc8f4a5.jpg


EUR/USD
has been trading upside today and we got upside trend established.
Upside potential is big towards upper extreme of trading range.


Trading
recommendation:


Due
to potential fake breakout of the lower extreme of trading range,
upside opportunities are preferable.


Watch
for buying opportunities with the upside target at 1,1320.


Stochastic
is showing fresh bull
cross, which is another sign and confirmation for the upside
movement.


Support
level is set at 1,1254

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

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