Euro / U.S. Dollar
Long

EURUSD Insight

98
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Key Points
- New York Stock Exchange: Experienced a sharp decline across the board as investors took profits ahead of the year-end.
- Kazuo Ueda, BOJ Governor: Predicted it would take considerable time to fully grasp the outlook for the U.S. economy.
- Ukraine: Decided to halt the transit of Russian natural gas to Europe via its territory starting December 31.
- Robert Holzmann, Governor of Austria’s Central Bank (ECB): Stated that rising natural gas prices and a weaker euro might delay the next rate cut.

Major Economic Events
+ January 1: New Year’s Day (Market Holiday)
+ January 3: U.S. December ISM Manufacturing PMI

EUR/USD Chart Analysis
The euro is currently trading sideways within the 1.03400 - 1.06000 range. In the short term, a bullish movement is highly likely, with the potential to reach the upper limit of 1.06000. However, significant volatility to break either the upper or lower boundaries of this range is not anticipated this week.

If unexpected volatility arises, we will quickly adjust our strategy accordingly.

Disclaimer

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