FX.co ★ Forecast for EUR/USD on December 22, 2022

There is no way the euro can leave the range of 1.0595-1.0645. Last week's trading volumes were high, but now investors are obviously leaving the market for the Christmas weekend till the 27th, therefore, the market can thin out by today or tomorrow, and EUR can leave the current range.

The oscillator signal line lies on the zero line; this is a dangerous symptom of an upward reversal from it, followed by the price leaving this range and moving upwards, where the target is the 1.0758/87 range. According to the main scenario, we expect downward movement, the nearest target is 1.0470.

On the four-hour chart, there is nothing more to add to the basic ideas. In order to develop the main scenario, the price needs to settle under 1.0595, which means that EUR will automatically settle under the MACD line. Marlin is trying to enter the positive area, but so far it is within the framework of consolidation. A sign of growth is when the price settles above the upper limit of the range at 1.0645.