EUR/USD Forecast in December 2021

    EUR/USD Forecast in December 2021   It's not surprising to see some kind of big jump higher during the month of December but it will be just a selling opportunity. The Euro has been struggling for a while, and it is hard to imagine that December will be any better. There seems to be a lot of negativity in this market, but it has been sold so much that a jump it can make will not create tension. The market will definitely try to recover sometime in December. But it makes sense to see the US dollar continue to benefit, as the Federal Reserve seems likely to continue contracting. Looking at this chart, 1,14 is believed to be a resistance, so any move towards the region should be short-term. Also, the market has clearly made up its mind for now. All in all, this is a market that will continue to see very volatile trading, but eventually the 1,10 level may gain attention.

EUR/USD Forecast in December 2021

Since it is an important issue that people will be interested in, and due to the lack of liquidity, the 1,10 level can be tried for a while during the holidays. After all, at the end of the year many traders have to do some kind of business, that is, they have to close positions throughout the year. It's important to remember that the closer you get to Christmas and New Year's Day, the more likely you will see a lot of reckless volatility in the market. It should come as no surprise that some big jumps took off during the month of December. This would only be a selling opportunity, as long-term fundamentals almost certainly help the idea of ​​a strengthening US dollar against the US dollar. In fact, several currencies, notably the euro, are also a punching bag against the US dollar. Overall, this is a market that is expected to continue to see opportunities on signs of exhaustion.    

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