Euro has enough power to continue rally. Forecast as of 26.11.2020

The USD weakening has contributed to the EURUSD rally. However, the euro has its own growth drivers. Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly euro fundamental forecast

The financial markets are searching for a balance between the short-term negative from the second COVID-19 wave and the medium-term positive from the vaccines. The US domestic data signal the US economic recovery, though a little slower than earlier. The EURUSD continues to rally up to 1.2. In September, the ECB’s verbal interventions discouraged the euro bulls, but now, the euro buyers are going ahead.

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