empty
 
 

10.12.202105:58 Forex Analysis & Reviews: Forecast for EUR/USD on December 10, 2021

The wandering nature of the euro, which we talked about in yesterday's review, is gaining confirmation this morning. The daily scale Marlin Oscillator begins chaotic movements along the zero line, approximately as it was in the third decade of October (gray rectangle). Therefore, we can take the price movement to 1.1415 and to 1.1170 equally probable. Taking into account the current downward trend, which has been going on since May, the probability of a downward trend is 55%. Of course, surpassing the target level of 1.1415 and the MACD line will direct the euro into medium-term growth.

Exchange Rates 10.12.2021 analysis

On the four-hour chart, the price is being held by the MACD indicator line, the Marlin Oscillator has penetrated the bears' territory. If the price moves below yesterday's low (1.1278), it will also correspond to its decline below the MACD line, which will increase the probability of price movement to the lower target of 1.1170 to 75%.

Exchange Rates 10.12.2021 analysis

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Laurie Bailey,
Analytical expert of InstaForex
© 2007-2022
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.




  • Trade Wise, Win Devise
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • Ferrari from InstaForex
    Top up your account with at least $1,000
    join the contest and win Ferrari
    F8 Tributo
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and win $1,000
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS
Can't speak right now?
Ask your question in the chat.