RLinda ! EURUSD -> What to expect in early 2023?

EURUSD by the end of 2022 looks quite confident. It can be defined by a prolonged consolidation movement after a rather active recovery on the background of the dollar index fall.

The price has been forming a pre-break consolidation for several days against the level of 1.063. If this format continues, but from the opening of the session in 2023, we should expect the price to enter a new range and the continuation of the recovery. At the moment the currency pair looks very good for growth.

The medium-term target is the resistance of 1.0786, 1.0894. In the long term, a recovery to the liquidity zone of 1.117 should be expected.

Merry Christmas!
Sincerely R. Linda!

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