5:08 PM · 20 December 2021

EUR/USD approaches the top of the consolidation once again

 Last week was marked by the long-awaited FOMC meeting, the pair ended up failing to get out of range. Let's take a closer l

Technical Analysis - 4 hour time frame chart

On the 4-hour chart, you can see that the pair is still trading in range.
Recently, buyers have managed to regain price control near the lower limit of lateralization. As long as buyers manage to maintain price control, they should expect the bullish move to extend towards the zone at 1.13481.



 

 

EUR/USD, 4 hours time frame chart. Source: xStation 5


US dollar Index (USDIDX)

If we take a look at US Dollar Index chart (USDIDX), it is possible to verify that the price is trading in a triangle in which it could dictate a continuation of the uptrend, if the buyers manage to regain control of the price.


USDIDX, 4 hours time frame chart. Source: xStation 5


During this session, euro leads gains.

Source: currency-strength.com

Henrique Tomé, XTB Portugal

17 June 2026, 10:33 AM

Chart of the Day: A New Era at the Fed and the Hawkish Shadow of the ECB. EURUSD at a Turning Point

16 June 2026, 4:50 PM

What does the Bank of Japan's rate hike mean for the yen?

16 June 2026, 8:03 AM

AUDUSD falls after RBA decision despite maintaining a hawkish stance ⚔️

15 June 2026, 2:17 PM

BREAKING: U.S. Industrial Production with mixed reading

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits