Stock market analytics, financial forecasts

Forexmart's Market Analysis section provides up-to-date information about the financial market. The overviews are intended to give you an insight into current trends, financial forecasts, global economic reports, and political news that influence the market.

Disclaimer: Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

EUR/USD Forecast for December 23, 2024

21:13 2024-12-22 UTC--6

On Friday, the euro completed its correction from the December 17-18 price decline. Assuming that the correction is incomplete, a move above 1.0461 would invalidate investors' plans regarding the Federal Reserve's monetary policy.

The Marlin oscillator also signals the end of the correction, as it begins to turn downward without reaching the growth territory boundary. A gradual decline to the support level at 1.0250 appears logical. Considering the thinning market ahead of the Catholic holidays, strong orders may already be absent at the 1.0350 level.

The four-hour chart shows the price's growth from the 1.0350 support occurred below the balance line (red moving average). The Marlin oscillator moved above the zero line, but this could be a false move, confirming a reversal toward a new low at 1.0250.

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Stock market analytics, financial forecasts

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