Currency market review December 24, 2019

What do we see in the foreign exchange market?

A relatively weakened dollar 🇺🇸 now plays into the hands of the power of the stock market, as well as the economy as a whole.

From the point of view of technical analysis, the dollar is oversold and either a wave of upward correction is brewing, or the formation of a new bullish momentum in the framework of the global rising market.

The mood is north.

The downward movement of the euro 🇪🇺, in which the last week's trade took place, stopped at the support level.

All attention will be focused on the nature of the level test.

The active development of the downward correction for the British pound 🇬🇧 continues.  Trading takes place at important support levels.

It is worth considering holidays, in which the pound is historically unpredictable, and volatility exceeds other currencies of developed countries. The mood is controversial.