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EURUSD is in progress to reach 1.25 at the end of the year
Category: Forex Forecasts & Signals
Posted by on December 18, 2020 at 04:35 AM
If you follow our forecasts about EURUSD from November 30th you know that the Dollar will lose ground. The main akcent in the forecast was the confirmation of Biden winning the election may push the Dollar to levels of EURUSD 1.25. The forecast is in progress as confirms that the target of 1.2450-1.2500 at the end of December is possible.
For the current market conditions EURUSD is trading at 1.2255. You can still go into positions as expected with the temporary recovery of the Dollar to 1.2185-1.2215. Then open long positions or still hold your positions from our first forecasts with progress to 1.25 till the end of this year.
Currently the positive news for the U.S. economy may provide a good bottom and make to the grafic the letter "U" where is your chance to make the best entry into long positions.

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