Technical Update

Tuesday December 28 2021

EURUSD

Sideways year end trade with a slight bias to the upside, however resistance remains near by at 1.1350/60 a break up would see an attempt at 1.1390/1.1400

However, a break below support at 1.1300/1.1290 would see further weakness to 1.1260/50 possibly 1.1220 in extension.

GBPUSD

GBPUSD remains firm although finding immediate resistance at 1.3450/60 a break here would lead to a test of 1.3500/1.3520. Keltner Channels suggest that the GBPUSD is getting close to being over bought.

Support is now be found at 1.3370 to 1.3350 which may limit the downside, however a deeper correction will see more buyers at 1.3300/1.3280

To trade EURUSD and GBPUSD visit http://www.8dcglobal.com

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

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