The EUR/USD pair is expected to see some interesting movements in December 2024. Looking at the chart, we can see that the pair has been trading in a range for the past few months. However, there are some key levels to watch out for as we head into the new month.
One important level to keep an eye on is the 1.15 mark. If the pair breaks above this level, we could see a continuation of the current uptrend. On the other hand, if the pair fails to break above this level, we may see a reversal to the downside.
Another key level to watch is the 1.12 mark. This level has acted as a strong support in the past, and if the pair breaks below it, we could see a further decline in the pair.
Overall, the EUR/USD pair is likely to see some volatility in December as traders react to economic data and geopolitical events. It will be important to closely monitor the key levels mentioned above to gauge the direction of the pair.
As always, it is important to use proper risk management strategies when trading the EUR/USD pair to protect your capital.