The Euro is going higher and higher. Overview for 30.12.2020
EURUSD is keeping its positive momentum in the middle of this year’s last trading week.
The major currency pair is looking good on Wednesday. The current quote for the instrument is 1.2281.
Those few investors, who are still on the market, remain quite positive but it’s not difficult due to celebrations of the catholic Christmas and New Year.
Another positive factor is the start of vaccination against the coronavirus in Europe and that’s an excellent reason for market players to buy. Europeans are very committed, that’s why there is a hope that lockdowns may be canceled much earlier than expected, thus helping economies to recover faster.
The Treasury Currency Report published by the USA yesterday didn’t leave any impression on market players.
Later today, one should pay attention to the Chicago PMI, which may fall to 56.6 points in December, and the Pending Home Sales, which may add 0.1% m/m in November after losing 1.1% m/m the month before.
Forecasts presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading. RoboMarkets bears no responsibility for trading results based on trading opinions described in these analytical reviews.
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