empty
 
 
it
Supporto
Apertura rapida di un conto
Piattaforma di trading
Ricaricare / Prelevare

24.05.202405:15 Forex Analysis & Reviews: Forecast for EUR/USD on May 24, 2024

EUR/USD

Yesterday, the main event was the 0.74% drop in the U.S. stock market. Gold also fell by 2.49%, and oil (WTI) by 0.94%. The dollar index strengthened by 0.10%, and the euro lost 7 pips. We believe that the stock market has finally decided to go through a deep correction from the record high that it also reached yesterday. As a result, there's a 75% likelihood that the euro will not return to the May 16 peak.

Exchange Rates 24.05.2024 analysis

To strengthen the downward trend, the price must still overcome three areas of strong support: the target level of 1.0796, the MACD line just below this level, and the embedded price channel line around the 1.0774 mark. After this, we expect the euro to reach the target range of 1.0636/56. The 1.0724 level serves as an intermediate support in this scenario.

Exchange Rates 24.05.2024 analysis

On the 4-hour chart, yesterday's attempt to test the MACD line from below was quite noticeable, followed by a sharp decline. The MACD line is turning downward, indicating the direction of the new medium-term trend. The Marlin oscillator is developing on a downward trajectory. We expect a test of the target support levels.

*La presente analisi del mercato ha un carattere esclusivamente informativo e non rappresenta una guida per l`effettuazione di una transazione.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
Approfittati subito dei consigli degli analisti
Deposita i fondi sul conto di trading
Apri un conto di trading

Le recensioni analitiche di InstaSpot ti renderanno pienamente consapevole delle tendenze del mercato! Essendo un cliente InstaSpot, ti viene fornito un gran numero di servizi gratuiti per il trading efficiente.

In questo momento non potete parlare al telefono?
Ponete la vostra domanda nella chat.