Market Analysis and Forecasts
December 11, 2024
Major Currencies:
EUR/USD
*For full analysis and AutoRebateForeX cash backs, check below:
https://autorebateforex.com/market-news/market-analysis-and-forecast-for-december-11-2024/
December 11, 2024
Major Currencies:
EUR/USD
- Current Sentiment: Bearish in the short term due to weak Eurozone economic indicators, political instability in France and Germany, and expectations of ECB rate cuts.
- Technical Levels:
- Support: 1.0526, 1.0497
- Resistance: 1.0560, 1.0589
- Forecast: Further downside is likely if the ECB announces aggressive rate cuts. A break below 1.0526 may lead to 1.0490. Conversely, a break above 1.0560 could signal a short-term rally toward 1.0615.
*For full analysis and AutoRebateForeX cash backs, check below:
https://autorebateforex.com/market-news/market-analysis-and-forecast-for-december-11-2024/
