2024-12-23 18:19
IndustryEUR/USD: The downward trend may soon resume
On Friday, the EUR/USD rebounded higher and was expected to test the key resistance at 1.0475, but the stochastic indicator lost momentum to the upside. I expect the EUR/USD to resume its downtrend in the next few trading days, with the first downside target of 1.0333. If it continues to fall, the next target is 1.0250. Unless the EUR/USD can break above 1.0475 and stay above here, it may continue to fall.
Today I expect EUR/USD to trade between 1.0350 and 1.05.
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EUR/USD: The downward trend may soon resume
Hong Kong | 2024-12-23 18:19
On Friday, the EUR/USD rebounded higher and was expected to test the key resistance at 1.0475, but the stochastic indicator lost momentum to the upside. I expect the EUR/USD to resume its downtrend in the next few trading days, with the first downside target of 1.0333. If it continues to fall, the next target is 1.0250. Unless the EUR/USD can break above 1.0475 and stay above here, it may continue to fall.
Today I expect EUR/USD to trade between 1.0350 and 1.05.
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