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EUR/USD analysis for December 24, 2021 – Watch for breakout or rejection

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Technical
analysis:

EUR/USD
has been trading inside of the bigger sideways range. I see potential
for downside rotation based on the current condition.

Trading
recommendation:

Since
the EUR is inside bigger sideways regime, watch for potential
breakout of rejection of the upper extreme.

Upside
breakout of 1,1380 can lead us towards 1,1515

Stochastic oscillator is showing bear divergence and overbought condition.

The material has been provided by InstaForex Company – www.instaforex.com

BTC analysis for December 24,.2021 – Watch for potential pullback play

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