Trading Signals for EUR/USD for December 28-30, 2023: sell below 1.1127 (overbought - 21 SMA)

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Back Technical analysis

Trading Signals for EUR/USD for December 28-30, 2023: sell below 1.1127 (overbought - 21 SMA)

Early in the American session, the

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28.12.2023 05:57 PM

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Early in the American session, the Euro is trading around 1.1114 and above the 21 SMA. EUR/USD is now going through a strong technical correction, having reached a high of 1.11387.In case the Euro falls below 7/8 Murray and below 1.1127 (21 SMA), EUR/USD could reach the bottom of the uptrend channel formed since December 22. We could even expect a technical bounce.Technically, the euro is overbought. Hence, a sharp break of the uptrend channel could trigger a strong technical

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