Euro adjusts the plans. Forecast as of 25.01.2021

A poor reading of the euro-area PMI hasn’t discouraged the EURUSD bulls. However, the euro rally may face several obstacles. Let us discuss the Forex outlook and make up a trading plan.

Weekly euro fundamental forecast

The euro-area economy is about to slide into a double-dip recession. According to Bloomberg's source familiar with the matter, Germany's government should revise the GDP forecast down from 4.4% to 3% in 2021. Vaccination is progressing extremely slowly in Europe, and the EU countries extend lockdowns. Nonetheless, the euro continues rising. When all major currencies are going down, the EURUSD is growing because investors… Read full author’s opinion and review in blog of #LiteForex