Here are the details of the economic calendar for December 27, 2021:

The macroeconomic calendar was empty yesterday, and it was a non-working day in the UK. As a result, market activity was quite low – currencies mostly stood still.

Analysis of trading charts from December 27:

The EUR/USD pair is moving within the upper border of the side channel 1.1225/1.1355, where the wide amplitude has been replaced by a narrow one. This may signal the process of accumulation of trading forces before a new price increase.

The GBP/USD pair locally updated last week's high of 1.3436, but this did not lead to drastic changes. The quote remained in the same place. This confirms the formation of stagnation, which may become a catalyst for trade forces in the long term if new speculative surges are observed.

Despite a fairly strong price growth, there is still a downward trend relative to the daily period. The upward movement may be classified as a correction.

December 28 economic calendar:

Today is not much different from the past. It is still a non-working day in the UK due to the celebration of "Boxing Day". Among the statistical indicators, only the S&P/CaseShiller housing price index in the United States can be noted, which is expected to fall from 19.1% to 18.5%. It is unlikely that the data will affect anything in the market.

Trading plan for EUR/USD on December 28:

The stagnation within the upper border of the flat may be replaced by a decline if the rebound trading method is executed. A signal to sell the euro will appear in the market when the price is kept below the level of 1.1300. This step will lead to the quote's decrease towards the area of 1.1265 - 1.1225.

An alternative scenario of market development considers the tactics of breaking the upper border of the flat. In this case, the euro will receive a short-term signal towards the 1.1400 level. The main signal about the change of trading forces will appear in the market after the price holds above the level of 1.1400 in the daily period.

Trading plan for GBP/USD on December 28:

It is impossible to exclude price surges that will lead to the end of stagnation since there is a high speculative interest in the market. So, traders consider local buy positions above the level of 1.3450 in a four-hour period. This may lead to a prolongation of the correction course in the direction of 1.3510.

The downward trend scenario will become relevant when the price holds below the level of 1.3370. This will lead to a decline towards 1.3290.

A candlestick chart view is graphical rectangles of white and black light, with sticks on top and bottom. When analyzing each candle in detail, you will see its characteristics of a relative period: the opening price, closing price, and maximum and minimum prices.

Horizontal levels are price coordinates, relative to which a stop or a price reversal may occur. These levels are called support and resistance in the market.

Circles and rectangles are highlighted examples where the price of the story unfolded. This color selection indicates horizontal lines that may put pressure on the quote in the future.

The up/down arrows are the reference points of the possible price direction in the future.