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Interstellar Group

As a complicated financial trading product, contracts for difference (CFDs) have the high risk of rapid loss arising from its leverage feature. Most retail investor accounts recorded fund loss in contracts for differences. You should consider whether you have developed a full understanding about the operation rules of contracts for differences and whether you can bear the high risk of fund loss.    

EUR/USD Forecast: Euro turns technically overbought ahead of US data

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2023-12

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2023-12-28
Market Forecast
EUR/USD Forecast: Euro turns technically overbought ahead of US data
  • EUR/USD climbed to fresh multi-month highs above 1.1100.
  • Near-term technical outlook suggests that the pair is overbought.
  • US economic docket will feature weekly Initial Jobless Claims.

EUR/USD gathered bullish momentum and advanced to its highest level since late July above 1.1100. The pair seems to have gone into a consolidation phase on Thursday as investors await macroeconomic data releases from the US.

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