Today’s forecast for the EURUSD: EURUSD analysis 14.12.2021

Euro traders are trying to break through the short-term uptrend’s key support at 1.1266 – 1.1258. If they succeed and the price settles below, the short-term trend will reverse down. The selling target will then be the lower target zone 1.1178 – 1.1161.

As long as the key support isn’t broken, search for a pattern to buy with the first target around level 1.1350. Traders need to break through yesterday’s high of the US trading session to open long positions. The “1-2-3” pattern will then form.

Trading plan for EURUSD for today:

Buy according to the pattern from Intermediary Zone 1.1266 – 1.1258.

TakeProfit: 1.1350.

StopLoss: According to pattern rules.

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