Forex Analysis & Reviews: Forecast for EUR/USD on December 29, 2020

EUR/USD
The euro gained 32 points on Monday, staying in the range of December 22nd. There are fewer signs of a downside breakout. Perhaps there won't be one, the price will spend the final days of 2020 in the range of 18-21. The price divergence with the Marlin oscillator is still present, the first significant target is determined by the MACD line at 1.1990.

The four-hour chart shows that the price winds up on the MACD line, which is also a sign that the price is in the range. The signal line of the Marlin oscillator is similarly curved around the zero neutral line. If the price moves below 1.2180, it will be a sign of the first attempt to break through.

Analysis are provided by InstaForex