No Major News on EU this upcoming final week of 2020. So, Technical Analysis is expected to prevail.
EURUSD broke it’s STRONG Resistance (Orange box) on 16 Dec 2020, traded above it and testing it multiple times. Currently, EU is back at this new Support. Stochastic Oscillator (below 20 level) indicates Seller’s exhaustion.
Trendlines show a good Symmetrical triangle.
If EU breaks the Triangle Resistance (top line of the triangle), then you can buy, else wait for a retest. If it breaks the Triangle Support instead (bottom line of the triangle), then I will not go in as price would be entering a zone that was full of activity before.
I will post progress on this in due course.
