EURUSD – the currency pair is under pressure again

12.12.2022

Four-hour chart of the EUR/USD. The currency pair, having consolidated above the level (6/8), failed to reach the reversal level (7/8). The price resumed downward movement and now trades around the (6/8) level again. In the nearest future we consider the top priority scenario with the quotes reduction towards the daily super-trend line. The scenario of the price growth towards the level (7/8) is an alternative one and might become the main scenario after the price fixation above the level of 1.0560.

Recommendations: Sell 1.0560 TP 1.0420