EUR/USD - Overview as of 20.12.2024

Financial and commodity markets analytics


The comments of the US Federal Reserve announced in the middle of the week seriously affected the expectations of traders and investors. The prospect of continued inflationary pressure in the economy and expectations of the Fed rate remaining at high levels provoked purchases of the US dollar and, as a consequence, a decline in key stock indices. The euro, in turn, also came under pressure. The pair EUR/USD is testing the minimum, located in the area of 1.0330. The support zone can be found in the range of 1.0230-1.0330.