EUR/USD Forecast. Euro returns to decline – 24-12-2024

forex-news-euroThe EURUSD price returned to decline after the temporary rise that it witnessed yesterday, to resume the expected bearish wave on the intraday basis, which its targets begin by testing 1.0333$, which breaking it represents the key to head towards 1.0250$ as a next main station.

The EMA50 keeps supporting the suggested bearish wave, while breaching 1.0475$ will push the price to achieve additional gains and achieve bullish correction that its next target reaches 1.0563$ areas.

The expected trading range for today is between 1.0310$ support and 1.0460$ resistance

Trend forecast: Bearish

Origin: Economies

 

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