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Euro sees no light. Forecast as of 29.03.2021 The divergence | LiteFinance

Euro sees no light. Forecast as of 29.03.2021

The divergence in the epidemiological situation and economic expansion in the US and euro area creates a solid foundation for the EURUSD downtrend. Will the pair find support or continue falling? Let us discuss the Forex outlook and make up a EURUSD trading plan.

Weekly euro fundamental forecast

The euro hasn’t found support even though there are several positive factors. Germany IFO Business Climate index increased, which suggests Germany’s economy to strengthen despite a surge in coronavirus cases. The S&P 500 returned to the zone of all-time highs. This situation is another evidence that the EURUSD bulls are in a... Read full author’s opinion and review in blog of #LiteForex http://amp.gs/cyiQ