Friday 23rd December: Daily technical outlook and review.

IC Markets No Comments

EURUSD: Price bounced yesterday, but ran into strong resistance at 1.05. A clear break and daily close above the aforementioned level could suggest that a larger short squeeze might happen in the near-term, targeting 1.0670 resistance (Dec 14 high). However, given how weak the bounces have been so far, the probability for that is currently … Continue reading Friday 23rd December: Daily technical outlook and review.