EURUSD - Week 53 - Bearish correction incoming

EUR/USD eases down from the highs, hovering around the 1.2200 level. The pair is trading in range below the trendline and the 1.2200 levels with no big moves occurring in the financial markets amid the Christmas holiday. At this level we are expecting a complex pullback to the downside before resuming its weekly uptrend. We will focus on the sells for now rather than the buys. Keep in mind that the volatility will be low for next week.
Trade Safe & a Happy New Year!

Best regards,
Financial Flagship

Disclaimer: The analysis provided is just informal and it should not be used as financial advice. Remember that you need a plan before you start trading; so take this as your guide that will ultimately help you understand the market and easily predict your next move.

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