Euro declares war. Forecast as of 29.01.2021

The verbal interventions of the European Central Bank could enrage Washington. And the ECB needn’t have interfered with the currency rates under the current conditions. The divergences in the economic expansion and vaccination rates press down the EURUSD. Let us discuss the Forex outlook and make up a trading plan.

Weekly euro fundamental forecast

If the ECB is willing to discourage investors by suggesting a potential interest rate cut, it should not mention the rise of Germany’s consumer prices. In January, the German inflation has surged from 0.7% to +1.6% and is likely to push the euro-area inflation up. This… Read full author’s opinion and review in blog of #LiteForex