Concerns about the economy and President-elect Biden's stimulus plan brought risk aversion to the markets.
Forex Forecasts
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Risk appetite improves as seen in the market. If risk-seeking activities continue, the USD may weaken and lead to a rise of EUR/USD.
Equities and the EUR/USD shifted lower as risk aversion increases. The hourly bollinger bands are about to narrow.
A forex gap at the start of the week pushed up the EUR/USD. Despite the week's event, market sentiment remains positive.
While 2020 was bad, it was relatively good for forex trading. Learn about what happened and how you can position for 2021.
The EUR/USD maintains its upside push and is now above the upper bollinger band. Risk appetite remains high as seen in our latest analysis.