Forex analysis | Amega

The Daily Market Watch: EURUSD, USDJPY, SILVER (27.12.21)

27 December 2021 Amega

Euro closed the week positive but remained in a converging consolidation. Trading only 0.06 percent higher intraday, a breakout might be imminent. Will it be up or down?

As yen weakness prevails the greenback eyes the 115 next but it’ll have to break past the 79 percent Fibonacci at 114.88 first. 0.21 percent higher on Monday, USDJPY is setting itself up to a good start.

With risk rising silver is poised to weaken as a technical cluster adds to the bearish sentiment. Can the 0.55 percent decline early in the session turn into a bloody Monday?

Amega

Trade with an award-winning broker! Lowest spreads on the market for Forex, Precious Metals, Energies. No re-quotes, no rejection of orders & instant withdrawals.

Open account