Euro is up to the old tricks. Forecast as of 14.01.2021

Any trend needs a correction. The EURUSD bears are drawing the price down. However, the correction shouldn’t be deep unless there are problems with vaccination. Let us discuss the Forex outlook and make up a trading plan.

Weekly Euro fundamental forecast

The talks that the fiscal stimulus under Joe Biden will be $2 trillion turned the Treasury yields up. The US bond market rates are going up, the dollar is strengthening, and the EURUSD is again back to the key support 1.2125-1.2145. If the price breaks out the support, the correction should continue. The ECB again resorts to verbal interventions…. Read full author’s opinion and review in blog of #LiteForex