Forex Forecast and Cryptocurrencies Forecast for January 25 – 29, 2021
<p>First, a review of last week’s events: – EUR/USD . We published a chart seven days ago that clearly showed how the correlation between the S&P500 index and EUR/USD was broken in early January. But now everything is back to normal: the S&P500 continued its growth, reaching a historic maximum of 3859.84 on January 21, and the EUR/USD pair went up with it, fully justifying the forecast of the majority (65%) of experts. Groping on Monday the local bottom at 1.2053, the euro then rose to 1.2190, the final chord sounded slightly lower, at 1.2170. The end of the week was quite calm, thanks to the head of the European Central Bank. Christine Lagarde was never able to weaken the European currency, but also did not allow it to seriously overtake the dollar. And this can be considered a certain success. In her speech following the ECB meeting on Thursday 21 January, Madame Lagarde explained what is good and what is bad. The "Good" section includes the start of vaccinations, the suc</p>
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