EurUsd- Can it reach 1.25 till New Year? IMO, Yes!

2020年11月26日

The long term trend for EurUsd is clearly bullish and, regardless of EU Zone problems, every drop in the pair was considered a good opportunity for buying by the bulls.
Now the price is trading above 1.19 and, taking into consideration the long consolidation between 1.17 and 1.19 (excepting the spikes up and down) a clear break to the upside would surely accelerate gains fo the single currency.
With DXY under 92 important support, I believe this will be the case and we can see EurUsd at 1.25 till year's end.