empty
 
 
26.07.2024 05:02 AM
Forecast for EUR/USD on July 26, 2024

EUR/USD

Most major currencies, oil, gold, and the S&P 500, reached their technical support targets yesterday. Even the yield on 5-year U.S. government bonds hit last week's (and the month's) low. Markets are experiencing a risk-off phase, and as mentioned earlier, this could continue until December.

This image is no longer relevant

Strong U.S. data stopped the decline; GDP for Q2 advanced 2.8% versus the 2.0% estimate, and core durable goods orders increased by 0.5% in June. Although structurally, these data are not as rosy; a correction might occur today, smoothly aligning with the wait-and-see mode ahead of the Federal Reserve meeting next week.

The Marlin Oscillator has begun turning from the zero line on the daily chart. Based on its behavior, the correction or consolidation might last two days.

This image is no longer relevant

On the 4-hour chart, the Marlin Oscillator broke above the zero line into the uptrend territory. The price is moving below the balance line (red moving average), which currently confirms the corrective nature of this movement and does not suggest a rapid rise. The correction may last until 1.0885, where the price consolidated from July 19-23.

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 $4000 más!
    ¡En Julio, sorteamos $4000 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