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27.12.202105:25 Forex Analysis & Reviews: Forecast for EUR/USD on December 27, 2021

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or 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. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

The euro opened the last trading week of 2021 in the upper half of the monthly range, before the resistance of the MACD line on the daily scale chart (1.1355). The price's exit above this resistance will open the nearest target of 1.1415. This is possible even today because of the thin market - UK investors are resting, but if American players wanted to go above 1.14, they would have already done it under more favorable circumstances. Now, if you use the thin market for strategic purposes, it is more convenient to strengthen the dollar. Or not to take any action, that is, to remain sideways until January, until the United States clarifies its geopolitical goals. Situationally, it turns out that it is more profitable to buy dollars. For this case, the 1.1170 target is always open.

Exchange Rates 27.12.2021 analysis

According to the Marlin Oscillator, a reversal pattern remains, repeating the technical pattern of October-November 2021 - the signal line of the oscillator may return to the side range marked with a gray rectangle and go down from it.

Exchange Rates 27.12.2021 analysis

Laurie Bailey
Analytical expert of InstaForex
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