EURUSD Week of Dec 13th to Dec 17th Outlook
Recap of last week
Tested resistance level (yellow zone) and then slide down to 50% of the week before. Congestion was expected due to huge directional swings over the past few weeks.
Next week outlook
50% of last week (yellow zone) should be challenged early in the week. If it turns into support, 50% of last month is the target (green zone). If yellow zone acts as resistance, the previous month close (below red zone) will be tested quickly.