Monthly reviews

EURUSD market technical outlook

EURUSD

Monthly chart:

Close of December in the shape of bullish inside bar may lead to the launch of upswing in direction of the 1.2091 level. At this handle a long-term sell offer zone resides, which was formed within bearish pattern Over&Under. Thus we can consider a scenario of new upswing start in direction 1.2091.

Conclusions:

So, we expect start of the major’s recovery in direction 1.2091.

Trading recommendations:

Long-trades towards 1.2091.