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31.12.202106:05 Forex Analysis & Reviews: Forecast for EUR/USD on December 31, 2021

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As we expected in yesterday's review, the euro did not begin to develop growth, although it had technical prospects for this and even stimulating growth in related markets: gold rose 0.55%, the Canadian dollar rose 49 points, the pound with 10 points. For the euro to grow, it is necessary to at least settle above the MACD indicator line, above 1.1340, which can only happen in the new year. In the meantime, the price wanders freely in the 1.2222-1.1383 range. The outlook for further decline, as it looks on the daily, is still dominated by a downward one, with 1.1170 as the target - the support area of mid-June 2020.

A pronounced sideways movement continues on the four-hour chart. The price winds a sine wave along the MACD line, the Marlin Oscillator is on the neutral zero line. We are waiting for the development of events in January.

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