Skip to content
Risk warning: Our products are leveraged and carry a high level of risk, which can result in the loss of your entire capital. Such products may not be suitable for all investors. It is crucial to understand the risks involved fully.
  • Support
  • For Institutionals
  • Trading

    Trading Platforms

    • MetaTrader 4 Terminal
    • MetaTrader 5 Terminal
    • PAMM Accounts
    • Equinix Trading Server

    Markets coverage

    • Forex Currencies
    • Spot Metals
    • Commodities

     

    • CFDs on Stocks
    • Indices
    • CFDs on Crypto

    Start Trading

    • Standard Accounts For individuals
    • Institutional Account For professionals
    • Deposits & Withdrawals
  • Conditions

    Trading Conditions

    • Spreads Overview
    • Swap-Free
    • Leverage Information

     

    • CFD Specifications
    • Full Trading Conditions

    Invest on your terms

    Transparent pricing, reduced trading costs, and leverage that adapts to your strategy.

    Explore conditions
  • Tools
    • Weekly Outlook
    • Daily Technical
    • Market Commentary
    • Economic Calendar
    • News & Insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
  • Trading
    • Markets Coverage
    • MetaTrader 5 Platform
    • MetaTrader 4 Platform
    • Standard Accounts
    • Institutional Account
    • PAMM Accounts
    • Equinix Trading Server
    • Deposits & Withdrawals
  • Conditions
    • Spreads Overview
    • Leverage Information
    • Swap-Free Trading
    • CFD Specifications
    • Full Trading Conditions
  • Tools
    • Daily Technical
    • Weekly Outlook
    • Market Commentary
    • Economic Calendar
    • News & Insights
  • About
    • About OnEquity
    • Company News
    • Legal Documentation
    • Client Protection
    • Help & Support
    • FAQs
  • Partners
  • Client Portal
  • Open Account
Edit Content
  • English
    ACTIVE
Other languages:
  • Español – Spanish
  • Português – Portuguese
  • English – International
Open Account
Client Portal
Analysis, Daily Technical

Daily Technical Analysis EUR/USD: The Pair Holds at 1.0500 Level Ahead of Fed Decision

December 16, 2024 OnEquity

The EUR/USD started the week with further gains, trading near 1.0520. This rise could suggest a weakening U.S. dollar, driven by soft U.S. Treasury yields ahead of the Federal Reserve’s interest rate decision scheduled for Wednesday.

The Fed is widely expected to announce a 25 basis point rate cut at its final monetary policy meeting of the year. Market analysts predict this move will be paired with a signal that the central bank is preparing for a pause, reflecting the economic strength in the U.S. and inflation that remains above the 2% target. According to CME’s FedWatch tool, market participants have nearly fully priced in the likelihood of a quarter-point cut at this week’s meeting.

Meanwhile, Fed Chairman Jerome Powell’s press conference and the updated Dot Plot projections will be closely scrutinized. Earlier this month, Powell struck a cautious tone, stating, “We can afford to be a little more cautious as we try to find a neutral point,” signaling no urgency to aggressively lower rates.

The euro found support after French President Emmanuel Macron named centrist ally François Bayrou as France’s new Prime Minister. This appointment raises hopes for political stability after the resignation of Michel Barnier following a no-confidence motion in parliament. Macron had vowed to swiftly nominate a successor to ensure stability in the government.

On Friday, Robert Holzmann, a member of the European Central Bank’s (ECB) Governing Council, remarked that lowering interest rates solely to stimulate the economy would be counterproductive. Holzmann emphasized that the ECB’s main mandate is price stability, not economic stimulation. “Lowering rates now to boost the economy would be contradictory to our current stance,” he stated, according to Bloomberg.

EUR/USD Daily Technical Analysis for December 16th

The daily chart of the EUR/USD shows that the slightly bearish 20-day Simple Moving Average (SMA) is providing dynamic resistance near 1.0525, as of the previous Wednesday. Meanwhile, the 100-day and 200-day SMAs, located more than 300 pips above the current level, suggest bearish control in the longer-term technical outlook, even if their immediate influence is less pronounced.

The Momentum Indicator is directionless around the 100 level, offering no strong signals for movement, while the Relative Strength Index (RSI) remains near 41, also lacking clear directional strength.

The technical picture indicates that bears are still in control, with the euro attempting to sustain its footing around the key 1.0500 level. Further gains would require a breakout above 1.0525, while a drop below this psychological level could reignite selling pressure toward recent lows.

EUR/USD chart
  • Analysis
  • Dollar
  • Euro
  • Technical

Post navigation

Previous
Next

Search

Categories

  • Analysis (217)
  • Beginner (24)
  • Cryptos (145)
  • Currencies (188)
  • Daily Technical (147)
  • Education (64)
  • Expert (23)
  • Intermediate (17)
  • Markets (434)
  • News & Releases (22)
  • Stocks (290)
  • Uncategorized (1)
  • Weekly Outlook (69)

Recent posts

  • Trading Hours Update – Additional Changes for August 2025
  • Today’s stocks to watch: Berkshire, Boeing, and Amazon
  • U.S. stock futures rise on heightened hopes for interest rate cuts

Tags

Analysis Bitcoin Cardano CPI Crypto Cryptocurrencies Currencies Daily Dollar earnings Education Elections ETF ETFs Ethereum Euro Fed Index inflation Litecoin Market Markets Nasdaq oil Outlook Pound Ripple SEC Solana Stablecoin Stock Market Stocks Stocks Market Stocks today Technical Technical Analysis Technology Tether Trading Trump Wall Street Weekly Weekly Outlook Yen Yuan

Related posts

Analysis, Daily Technical

Daily Technical Analysis EUR/USD: Surge Slows at Multi-Year Highs — Tax Reform and Yields Bring Gains to a Stop

July 2, 2025 OnEquity

The EUR/USD pair remained flat during Wednesday’s session, hovering around 1.1780 after briefly touching a multi-year high of 1.1830. The euro’s advance lost steam following the U.S. Senate’s approval of President Trump’s $3.3 trillion “One Big Beautiful Bill,” which includes the entirety of his legislative agenda. The bill, passed by a 51–50 margin with Vice […]

Currencies, Markets

Dollar Drops to Multi-Year Lows, Rate Cuts, Trade Agreements, and Tax Reform in the Public Eye

July 1, 2025 OnEquity

The U.S. dollar extended its decline on Tuesday, falling to multi-year lows amid growing expectations of Federal Reserve rate cuts and rising fiscal concerns sparked by President Donald Trump’s spending bill. By 04:25 ET (08:25 GMT), the U.S. Dollar Index—measuring the greenback against a basket of six major currencies—was down 0.2% at 96.275, marking its […]

Analysis, Weekly Outlook

Outlook for the Week of June 29 – July 4

July 1, 2025 OnEquity

The week of June 29–July 4 promises to be pivotal for global markets, with investors watching key economic data and central bank signals amid lingering geopolitical risks. In the U.S., focus will center on core PCE, ISM PMIs, and the jobs report, which could shift expectations for Fed rate cuts, while political tensions over Fed […]

  • Privacy policy
  • Client agreement
  • Legal
  • Support
  • +2484671965
  • [email protected]
  • Chat with us
Company
  • About us
  • Regulation
  • Safety of funds
  • Company news
  • Insights
  • FAQ
Account options
  • Standard accounts
  • Institutional account
  • PAMM accounts
  • Swap-free account
Conditions
  • Spreads overview
  • Leverage tiers
  • CFD specifications
  • Markets coverage
Trading tools
  • MetaTrader 5
  • MetaTrader 4
  • Equinix trading server
  • Economic calendar
  • Daily technical
  • Weekly outlook
  • Market commentary
OnEquity Ltd is incorporated in Seychelles as a Securities Dealer with License No. SD154, authorized by the Seychelles Financial Services Authority (FSA), adhering to the Consolidated Securities Act, 2007. Registration No. 810588-1.

The website is operated and provides content by the OnEquity group of companies, which include:

OnEquity SA (Pty) Ltd, incorporated in South Africa, Company reg. 2021/321834/07, regulated by the Financial Sector Conduct Authority (FSCA) with FSP No. 53187.

OnEquity LLC, recognized by the Registrar of International Business Companies and the Financial Services Authority in St. Vincent and the Grenadines, Registration No. 286 LLC 2020.

ONEQ Global Ltd, registered in Cyprus, Company reg. HE 435383, located at Agias Zonis 22, Limassol, focusing on comprehensive service solutions within the OnEquity Group.
Risk Disclosure: Trading in financial instruments involves substantial risk and may not be suitable for all investors. The value of investments is volatile and can result in total loss of capital. Investors should consider their financial situation, investment experience, and risk tolerance, and may seek professional advice. Past performance is not indicative of future results.

Eligibility: Services are available to individuals 18 years or older.

Restricted Jurisdictions: The content provided by OnEquity is not intended for residents of the United States, Canada, North Korea, Yemen, Iran, Belgium, Syria, or any jurisdiction where such distribution or use would be contrary to local law or regulation.

All trademarks™ and brand names belong to their respective owners and are used here for identification purposes only. Use of these names does not imply endorsement.
© OnEquity. All Rights Reserved.