The markets saw slow price action on Thursday as a lot of traders and investors were away from their screens due to Christmas. Keep in mind that the NYSE, NASDAQ, and bond markets were closed since Christmas Day fell on Saturday.
Generally speaking, the price action around the New Year's holiday can be very tricky, because of end of the year flows and position adjustments, which will likely happen next week.
As such, there can be some volatility for the EUR/USD pair where we see an ongoing triangle, but it can turn into either a wave B or wave four. In either case, we will have to wait on confirmation before calling a lower euro. Break below 1.1215 makes room for 1.1, while higher prices may stop at 1.14 resistance.
EUR/USD 4H Elliott Wave Analysis
