Forex Analysis & Reviews: Forecast for EUR/USD on December 31, 2020

EUR/USD
The euro decided to leave the final days of the outgoing year more beautifully than expected. It continues to grow throughout the week, very little is left to the target level of 1.2330, afterwards a double divergence will be formed on the daily chart and the euro will go into the unknown in 2021.



The first task in the new year is to reach the consolidation range of August-November at 1.1750-1.1885. The first target in order to fall to 1.2035 is the MACD line.



Growth continues on the four-hour chart. There is a possibility of forming a divergence, due to which the signal line of the Marlin oscillator has clearly slowed down its growth and lies a little in the horizon.

Analysis are provided byInstaForex.