FX.co ★ Forecast for EUR/USD on December 20, 2021

The euro fell by 90 points on Friday, blocking the last two days' growth. Taking into account that the growth took place at the meetings of the Federal Reserve and the European Central Bank, Friday's fall can be conventionally taken as an unambiguous signal for further decline. On the daily chart, the Marlin Oscillator has sharply entered the territory of the downward trend. The pair will likely overcome the nearest target level at 1.1170, we are waiting for the price at the level of 1.1050 - this is the peak of March and December 2015.

On the four-hour timeline, the price is completely in a downward trend, but reached the support area on December 7th and 15th, from which the price could bounce upwards before falling further towards 1.1170. If there is no such small correction, the price will reach the first target in the next two days.