05 Tháng hai 2021, EUR/USD
EURUSD trading plan:
The greenback has been supported by a rise in longer-term U.S. Treasury yields, which came as traders positioned for massive fiscal spending. Democrats in the U.S. Senate were poised for a marathon vote session aimed at overriding Republican opposition to President Joe Biden's $1.9 trillion COVID-19 relief proposal. Westpac strategists see Europe's vaccine rollout accelerating by the end of this quarter, which, coupled with the Fed's commitment to ultra-loose monetary policy, will put pressure back on the dollar. A bullish rally in the oil market will have a positive impact on the value of the European currency, as the assets are correlated with each other.
Investment idea: range 1.1950 -1.2020.
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