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Dec 27, 2021 1:25 PM

EURUSD chart analysis 

EURO / U.S. DOLLARICE

Description

Bullish scenario:
• We need to continue this positive consolidation with the support of the MA20 moving average.
• We see that EURUSD is moving in one triangle, and we need a break above the top line to continue.
• We see the next resistance zone at 1.14000, where we come to the MA50 moving average.
• The main target and stronger resistance await us at 1.15000, the place where we meet the upper line of resistance this year.
• Just a break above this line can heighten bullish optimism.
Bearish scenario:
• We need a new negative consolidation and a break below the bottom line of the triangle.
• Then we come across support at 1.12000, where we test this year's minimum.
• Further bearish pressure may bring us EURUSD to the support zone at 1.10000.
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