empty
 
 
pk
سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

08.01.202505:04 Forex Analysis & Reviews: Forecast for EUR/USD on January 8, 2025

Yesterday, the US dollar increased by 0.39%, while the euro decreased by 0.47%. This movement occurred alongside a 1.10% drop in the US S&P 500 stock index. The significant decline in the euro, as well as in other European currencies, aligns with the projections made in December following the end of the "Trump rally."

Exchange Rates 08.01.2025 analysis

For the euro to confirm a new downward trend towards target levels of 1.0250 and 1.0135, it is essential that the price consolidates below the 1.0350 mark. On the daily chart, the Marlin oscillator turned away from the boundary of the growth zone. The price reversed downward after twice piercing the balance line. The correction is now complete.

Exchange Rates 08.01.2025 analysis

On the four-hour chart, the price's decline has halted at the MACD line. The signal level has become the MACD line at 1.0338. A break below this level will initiate a move toward 1.0250. By that time, the Marlin oscillator is also anticipated to enter negative territory, further reinforcing the downward trend.

*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.

Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

ابھی فوری بات نہیں کرسکتے ؟
اپنا سوال پوچھیں بذریعہ چیٹ.