Euro: awake or not? Forecast as of 20.04.2022

The market cannot fall indefinitely. Sometimes corrections occur in a bearish trend. Will EURUSD buyers be able to arrange one? Let us discuss the Forex outlook and make up a trading plan.

Weekly euro fundamental analysis

Due to strong corporate data, the best daily rally in US stock indices over the past month allowed the euro to cheer up. EURUSD bulls managed to return the pair above level 1.08. However, the problems of high inflation, the armed conflict in Ukraine, and the COVID-19 outbreak remain. This is how the market works. Eventually, after recessions, buyers bounce back, and corrections occur.

Despite the S&P 500 growth on April… Read full author’s opinion and review in blog of #LiteFinance