As I have explained in my previous EURUSD coverage, the pair has retraced back to POC but Cup with Handle variant has confirmed a temporary uptrend and price was rejected towards the triangle upper trend line. Currently most major banks are on holidays and trading should resume after the Christmas holidays and into the New Year, where again, most major banks will be on holidays. Remember, when banks are on holidays there is no one to protect support/resistance levels and some unusual spikes may happen.
Technically the EURUSD has broken through V shaped reversal trend line (red) straight from POC towards H4 X cross confluence but only a momentum break or H4 close above 1.0965 could push the pair towards 1.0980-1.1010. However as volatility has faded the chances are less likely for that move to happen. However, if unusual spike happens and the pair enters 1.0980-1.1010 we could see some selling pressure as we have historical sellers waiting. If that happens I expect the price to be rejected towards 1.0950. Below 1.0950 the price is within the triangle range and 1.0900 zone is still attractive to buyers.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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