FX.co ★ Forecast for EUR/USD on December 22, 2021

Yesterday the euro closed at the opening level. Technically, the declining situation has not changed. The pattern of the signal line of the Marlin Oscillator, marked with a gray rectangle on the daily chart, began to attract attention - it began to acquire even more similarity with the same sideways consolidation of the third decade of October - first decade of November. Such similarity of the selected plots indicates a predominant subsequent price reduction. Aim for 1.1050.

On the four-hour chart, the price is developing around the balance indicator line, but below the MACD line, the MACD line itself turned down. The signal line of the Marlin Oscillator is developing in the negative area. The general trend is downward. The price's first task is to settle below the 1.1225/40 range.