EURUSD awaits confirmation signals - 12-01-2024

Unable to break above the 1.0960 support line, the EURUSD pair continues to be trapped between the trend key represented by the above-mentioned support level and the 1.0995 resistance level, continuing to remain neutral until we get clearer signals of the next trend, as the price faces the following contradictions: technical factors.

We remind you that a break above the above-mentioned support will push the price downward again towards the completion of the head and shoulders pattern, targeting a break above 1.0860 to reach 1.0765, while a break above the resistance will cause the price to recover and realize the initial gains. Access the 1.1080 zone.

The expected trading range today is between the 1.0890 support and 1.1070 resistance.

Expected trend today: Neutral