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

27.12.202414:34 Forex Analysis & Reviews: EUR/USD: Analysis and Forecast

Exchange Rates 27.12.2024 analysis

Today, the EUR/USD pair is fluctuating slightly above the level of 1.0400, with limited trading volume, struggling to find direction as the year ends. The overall outlook for the euro remains bearish, as the European Central Bank (ECB) is expected to continue cutting interest rates in the first half of 2025.

In 2024, the ECB reduced its deposit facility rate by 100 basis points, and another 100 basis point cut is expected in 2025. On Monday, ECB President Christine Lagarde expressed confidence in the progress of the disinflationary trend but emphasized the need for policymakers to remain vigilant regarding inflation in the services sector.

On the U.S. side, the U.S. Dollar Index (DXY), which measures the dollar's strength against six major currencies, remains within a narrow range above the key support level of 108.00.

Exchange Rates 27.12.2024 analysis
The 10-year U.S. Treasury yield rose to 4.61%, making interest-bearing assets an attractive choice for investors due to their higher opportunity costs. U.S. bond yields remain stable amid expectations that the Federal Reserve will implement fewer rate cuts in 2025.

From a technical point of view, the EUR/USD pair continues to consolidate within a narrow range established earlier this week. The pair's outlook remains bearish, as daily chart oscillators are in negative territory and far from oversold conditions. However, intraday fluctuations toward the upside are possible.

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

Irina Yanina,
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.