Dollar runs to extremes. Forecast as of 05.01.2024

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Only the golden mean — the employment figures for December close to Reuters' forecast — will help the EURUSD. Conversely, a significant deviation from expectations will drown the pair. Let’s discuss it and make a trading plan.

Fundamental forecast for dollar for today

The prevailing market opinion is that the US dollar will weaken, but its opponents should be patient. Reuters forecasts that the EURUSD will be trading at 1.12 in twelve months. However, the pair risks plunging in the short term as the expectations of the Fed's monetary expansion terms and scales are re-estimated. What we see in the… Read full author’s opinion and review in blog of #LiteFinance

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