EURUSD Dec 26 to Dec 30 Outlook

Recap
Euro zoomed back up to Y-0 as expected and stalled from there as the strong downside momentum is still in force. Reaching only 50% of the absolute range expansion and stuck there for the rest of the week.

Outlook
As long as Y-0 to B+1 stays as resistance, euro will have to test its year low below 1.29. Due to the drop in volatility during this time of the year, euro may defer this to early next year.