Confirming you are not from the U.S. or the Philippines

By giving this statement, I explicitly declare and confirm that:
  • I am not a U.S. citizen or resident
  • I am not a resident of the Philippines
  • I do not directly or indirectly own more than 10% of shares/voting rights/interest of the U.S. residents and/or do not control U.S. citizens or residents by other means
  • I am not under the direct or indirect ownership of more than 10% of shares/voting rights/interest and/or under the control of U.S. citizen or resident exercised by other means
  • I am not affiliated with U.S. citizens or residents in terms of Section 1504(a) of FATCA
  • I am aware of my liability for making a false declaration.
For the purposes of this statement, all U.S. dependent countries and territories are equalled to the main territory of the USA. I accept full responsibility for the accuracy of this declaration and commit to personally address and resolve any claims or issues that may arise from a breach of this statement.
Cancel Confirm
We are dedicated to your privacy and the security of your personal information. We only collect emails to provide special offers and important information about our products and services. By submitting your email address, you agree to receive such letters from us. If you want to unsubscribe or have any questions or concerns, write to our Customer Support.
Confirm
Trading news
Back
27 Dec 2024

EUR/USD price analysis: Pair inches up to 1.0430, still capped by key resistance

  • EUR/USD registers a minor uptick on Friday, trading near 1.0430 after recent losses.
  • RSI climbs to 44 in negative territory, indicating a tepid recovery but still suggesting sellers hold the upper hand.
  • MACD histogram shows flat green bars, hinting at fading bearish momentum while the 20-day SMA remains a key hurdle.

The EUR/USD pair ended a shortened week with a modest bounce, inching up to around 1.0430 on Friday. While this uptick offers brief respite from recent declines, the pair continues to trade below the 20-day Simple Moving Average (SMA), highlighting the prevailing downtrend. The SMA, parked above current price levels, will be the first target on the agenda in 2025 if buyers seek to bolster a more constructive outlook.

Technical signals are mixed but lean cautiously toward the downside. The Relative Strength Index (RSI) has risen sharply to 44, yet it remains entrenched in negative territory, suggesting that bullish efforts are tentative at best. Meanwhile, the Moving Average Convergence Divergence (MACD) histogram shows flat green bars, implying that the market may be losing some of its earlier bearish traction but has yet to shift decisively in favor of the bulls.

Looking ahead, traders will need to see a sustained move above the 20-day SMA to confirm a meaningful trend change. In the absence of such a breakthrough, the pair is likely to stay vulnerable to fresh selling pressure, keeping downside risks in play despite the recent stabilization in price action.

EUR/USD daily chart

 

Dec 27, 2024

United States EIA Natural Gas Storage Change rose from previous -125B to -93B in December 20

United States EIA Natural Gas Storage Change rose from previous -125B to -93B in December 20
Read more Previous
Dec 27, 2024

Dow Jones Industrial Average backslides amid tech decline

The Dow Jones Industrial Average (DJIA) shed around 400 points on a quiet Friday.
Read more Next