Top Forex Brokers – Forex Weekly news and analysis For December 23 – 29, 2024
EURUSD breached below the Bollinger Band and retreated, while the MFI sowed a bearish divergence, giving a strong bullish sentiment.
• Consider a buy trade on EURUSD if it breaks above 1.0400, targeting 1.0580.
USDJPY broke through the resistance area after forming a cup-and-handle pattern and has since retested it. A further rebound would confirm a strong bullish signal.
•Consider a buy trade on a rebound from the 156.50 support level.
XAUUSD broke below the trendline at the 2615 support and is now retesting the 100-MA.
•A rebound from the 2615 resistance may trigger a further decline toward 2535;
•A breach above the 100-MA may cause the asset to go up to 2715 resistance.
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