EUR/USD Daily Chart Analysis For Week of December 16, 2022

The euro-dollar rip through our Mean Res 1.0585 but could not punch to vital Key Res $1.0780. The newly created interim Mean Res 1.0680 is the catalyst to draw the currency to retest the Mean Res 1.0680 and hit the Key Res $1.0780 in the process. The prevailing down path points to the Mean Sup 1.0450 and mildly extended probabilities to Mean Sup 1.0330. However, once the current down sentiment occurs, a furious decline to the additional Mean Support levels may likely happen. Of course, the question is, “From which support level will this puppy break playing down movement position?