FX.co ★ Forecast for EUR/USD on December 9, 2022

The euro continues to move sideways as we expected in previous reviews, in anticipation of the Federal Reserve meeting. There is growth in the current phase of the sideways movement.

The Marlin oscillator is directed down, which on the one hand may indicate a change of the sideways phase to a decline, but such a signal on the daily chart looks weak, so the second option still suggests reaching the 1.0615/42 range. This might be done by Wednesday evening, when the Fed will announce its monetary policy decision.

On the four-hour chart, the Marlin has already moved into the growth area. The price received a small impulse for growth with a bounce from the MACD indicator line. We do not observe strong growth.