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FX.co ★ EUR/USD Forecast for December 24, 2024

EUR/USD Forecast for December 24, 2024

The euro declined yesterday, retreating from the resistance level of 1.0461 and ending the day with a 24-pip drop. The Marlin oscillator also moved lower, indicating bearish momentum. We now expect the price to test the nearest support level at 1.0350.

EUR/USD Forecast for December 24, 2024

Once the price consolidates below 1.0350, we anticipate it will move toward the target level of 1.0250. On the four-hour chart, the Marlin oscillator has firmly entered bearish territory.

EUR/USD Forecast for December 24, 2024

The price is currently declining below both indicator lines. If there are no unexpected developments today, we expect the price to reach 1.0350.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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