empty
 
 
15.10.2024 10:37 AM
EUR/USD Forecast for October 15, 2024

The euro stubbornly refuses to reverse direction. Even yesterday's 0.77% rise in the stock market, which set a new all-time high, did not halt the euro's decline. The euro is close to consolidating below the 1.0882 level and collapsing to 1.0777. If this happens, the long-term reversal to a downtrend would have already begun with a turn from 1.1186 in a dull and uneventful manner, without triggering the liquidation of large sell orders (reportedly the largest volumes since April).

This image is no longer relevant

This scenario became highly probable this morning due to the proximity of the price to the key level. Additionally, the S&P 500 reached its anticipated reversal target, and oil prices dropped by 3.45% yesterday. Now, we doubt the euro will find the strength, or investors' will, to support the single currency against the ECB's rate cut. If the euro does rise, it is unlikely to go above 1.1010, with the best-case scenario being a move to 1.1076 for a retest of the MACD line. Today, European industrial production data and ZEW business sentiment indexes might provide some support for the euro.

This image is no longer relevant

On the four-hour chart, the Marlin oscillator has been consolidating along the zero line for so long that it has lost its predictive potential — the instrument could move in either direction. The likelihood of a decline slightly prevails due to the proximity of the MACD line to the 1.0950 level, which strengthens resistance.

Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO
  • Depósito al azar
    ¡Haga un depósito en su cuenta de $3,000 y obtenga $6000 más!
    ¡En Diciembre, sorteamos $6000 dentro de la campaña Depósito afortunado!
    Obtenga la oportunidad de ganar depositando $3,000 en una cuenta de operaciones. Tras haber cumplido esta condición, se convertirá en un participante de la campaña.
    UNIRSE AL CONCURSO
  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO

Recommended Stories

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback