empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

22.12.202113:12 Forex Analysis & Reviews: The dollar index. And what does EUR USD have to do with it?

Exchange Rates 22.12.2021 analysis

EURUSD scale H4

We see uncertainty about the movement of the euro. It is possible to break up from the range and trend up.

But it is also possible to fall below 1.1230 and move down.

Is it possible to say something about the potential?

At the moment, the situation is determined by the prospects of the dollar:

Exchange Rates 22.12.2021 analysis

USDX - dollar index, daily chart.

Here we see a clear upward trend. Yes, there is a stop - and even under certain conditions (the foundation), a deep correction is possible.

Thus, we should look at the movement of the dollar index - if we receive a signal for the euro to exit the range. The logic is this: if we see the beginning of a correction for the dollar (the dollar index is falling strongly and going down out of the range), there is a prospect of a trend for the euro upward.

If the euro gives a signal to go up - but the dollar index remains in the range or even grows - most likely, the upward movement in the euro is either false - or does not have much potential.

If the euro goes down out of the range - and the dollar goes up out of the range - this is a strong trend signal - for the euro to go down.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Jozef Kovach,
Analytical expert of InstaSpot
© 2007-2024
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.