Forecast for EUR/USD on December 8, 2021

The euro lost about 60 points at the moment, the day closed with small losses of the single currency, this morning there is an increase - the price returned to the Monday range. The Marlin Oscillator is moving sideways and does not give any clues to the upcoming price movement. You can take this situation to move freely.

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Yesterday, on a four-hour scale, the price went under the MACD line and settled, but then returned above it. This circumstance confirms the wandering nature of the price. At the moment, the Marlin Oscillator is still in the negative zone. There are no signal levels that could indicate a change in the upward trend. The price may reach the 1.1375 level and turn down from it as it was on November 30. Also, the price can again go under the MACD line and reach the target level of 1.1170.

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The material has been provided by InstaForex Company - www.instaforex.com

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