The pair is trading near 1.1450. Does it still have the potential to the upside?
Tag - eur
The USD keeps reigning in the Forex as the US infections are far from being managed while the EUR is pushed by hopes of the recovery fund; oil is revolving around $40 and gold is trying to claim higher grounds above $1 800!
Hopes for the EU recovery fund to be accepted and put to action soon are pushing the EUR higher across the board.
EUR/GBP is trying to break higher after the consolidation that took the major part of this week.
The market sentiment is mixed ahead of the US consumer sentiment report. Look for trade ideas!
Learn what to expect from the statement...
EUR/USD tested lower levels as risk sentiment worsened and traders looked forward to the ECB meeting. Watch the video to get trade ideas!
We are long used to see Forex as the USD's dominion. Is that going to change soon?
What to expect from the Bank of Canada on Wednesday?
The pair approaches the significant resistance at 61.8% Fibo level. Look for the breakout!
The pair failed to move in one direction for more than two days in three weeks. How to trade it?
Stock indexes and gold are setting new highs, the USD is going through challenging times and the CAD and the EUR await decisions of their central banks. Watch the video to prepare for this week's trading!