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رقم جمع کروانا / نکلوانا

04.12.202405:25 Forex Analysis & Reviews: Forecast for EUR/USD on December 4, 2024

Relevance up to 22:00 UTC--5

Yesterday's corrective growth was minimal, with the white candlestick amounting to 12 pips. The overall downward trend, driven by the reversal of both the price and the oscillator from their resistance levels, looks more solid. The current task for the bears is to consolidate within the 1.0449/83 range, which would pave the way for a move toward the 1.0350 target.

Exchange Rates 04.12.2024 analysis

Economic data from Europe and the U.S. will influence this scenario. The Eurozone Services PMI for November is expected to decline from 51.6 to 49.2, while the U.S. PMI is forecasted to rise from 55.0 to 57.0. However, the ISM Non-Manufacturing Index may edge down slightly from 56.0 to 55.5, but this is offset by an anticipated 0.3% growth in industrial orders.

Exchange Rates 04.12.2024 analysis

Yesterday, the price returned below the balance line on the four-hour chart, coinciding with the Marlin oscillator's signal line turning downward from the zero line. The intent to move into the 1.0449/83 range is clear, but the MACD line within this range could hinder further bearish progress.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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