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[QUOTE="Vlad RF, post: 239093, member: 61796"]
[B][SIZE=5]A slowdown in the US services sector supports EURUSD growth[/SIZE][/B]

The EURUSD rate is approaching the crucial 1.0535 resistance level and poised to breach it. More details in our analysis for 5 December 2024.

[B]EURUSD technical analysis[/B]

The EURUSD H4 chart shows that the market has completed a growth wave towards 1.0545, followed by a correction to 1.0500. A growth structure towards 1.0595 could develop today, 5 December 2024. Subsequently, the price may decline to 1.0550.

[IMG]https://roboforex.com/uploads/roboforecast/roboforex_com/99/2024/December/05/eurusd-2024-12-05.png[/IMG]

Growth in the EURUSD rate is driven by expectations of Federal Reserve monetary policy easing, prompted by weaker US economic data, including a slowdown in the services sector.

Read more - [url=https://roboforex.com/beginners/analytics/forex-forecast/currencies/eur-usd-forecast-2024-12-05/?utm_source=earnforex.com&utm_medium=listing&utm_campaign=rf_en_analytics&utm_content=externalforums+text]EURUSD Forecast[/url]

[B][I]Attention![/I][/B]
[I]Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboForex bears no responsibility for trading results based on trading recommendations described in these analytical reviews.[/I]

[B]Sincerely,
The RoboForex Team[/B]
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