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24.12.2024 04:53 AM
EUR/USD Forecast for December 24, 2024

The euro declined yesterday, retreating from the resistance level of 1.0461 and ending the day with a 24-pip drop. The Marlin oscillator also moved lower, indicating bearish momentum. We now expect the price to test the nearest support level at 1.0350.

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Once the price consolidates below 1.0350, we anticipate it will move toward the target level of 1.0250. On the four-hour chart, the Marlin oscillator has firmly entered bearish territory.

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The price is currently declining below both indicator lines. If there are no unexpected developments today, we expect the price to reach 1.0350.

Laurie Bailey,
Analytical expert of InstaTrade
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