FX.co ★ Forecast for EUR/USD on December 7, 2021

The euro is gradually losing its chances of succeeding growth. Yesterday, the EUR/USD pair dropped 29 points, only the Marlin Oscillator remained in the horizontal direction. This also preserves the growth scenario, which, when the price breaks above the signal level of 1.1375, prescribes the price to go higher to 1.1448 and further to 1.1572.

The price is approaching the critical support of the MACD line at 1.1260 on the four-hour chart. If the price moves below it, it will mean a further decline to the target level of 1.1170. Taken together, the probability of a downward scenario is about 60%.