Trading Signal for EUR/USD for December 13-14. 2024

According to the decline of 1.06316 we sought that EUR/USD will make some pool back on the support of 1.05338, or the second support which found at 1.04903. But that tow support failed to carry the price and pushing it back higher to break the resistance which found at 1.06316.
But now has you can see that EUR/USD the pare is still in sell direction after the break of 1.04903 and we have a confidence that the break of the area of support can confirm that the price will continuing going lower

EUR/USD has always moved within trend channels. So. we believe that there could be a technical correction below 1.04403. Thus, the price could reach the 1.03479 area. Technically, we expect a range of price movements between 1.03344 and 1.03957.

Once again i want to remand you that the downtrend started three months ago and remains intact in the medium term. The movement that we have seen in recent weeks is a correction Therefore, we expect the correction to be completed, the price to consolidate below the line.