empty
 
 
pt
Suporte
Abertura instanânea da conta
Plataforma de negociação
Depósito/Retirada

27.12.202405:18 Forex Analysis & Reviews: Forecast for EUR/USD on December 27, 2024

Throughout the pre-New Year week, the euro has been consolidating within a range of 1.0350–1.0461, which is favorable for building momentum for a downward move. If the euro were gathering strength for a reversal to growth, it would most likely consolidate within the 1.0461–1.0598 range.

Exchange Rates 27.12.2024 analysis

The previous consolidation in this range from November 25 to December 17 proved unsuccessful for the bulls. Now, the bears appear ready for another downward breakout below 1.0350. A consolidation below this level would pave the way for the euro to fall below parity, potentially leading to a sharp move in the thin market. This could happen as soon as the new year.

Exchange Rates 27.12.2024 analysis

On the four-hour chart, the price has stalled near the balance line. The MACD line, currently around 1.0440, may stop and reverse a potential sluggish upward movement. The Marlin oscillator, which had been rising ahead of the price, is already showing signs of returning to bearish territory. We will monitor the situation for further developments.

*A análise de mercado aqui postada destina-se a aumentar o seu conhecimento, mas não dar instruções para fazer uma negociação.

Laurie Bailey,
Analytical expert of InstaSpot
© 2007-2024
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.

Não pode falar agora?
Faça sua pergunta no chat.