EUR - BEARISH
1️⃣ Investors remain concerned about rising COVID-19 cases and new lockdowns across Europe.
2️⃣ ECB will continue to expand the bond-buying scheme.
USD - BULLISH
1️⃣ Amid hopes that central banks will not have to inject more money to support the economies if a coronavirus vaccine is available soon.
2️⃣ Prospects of a divided Congress that will prevent the new Biden administration from raising taxes and regulate businesses also supported the dollar.
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Technical
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We are looking to sell EURUSD at SBR + around SMA 50 on H1.
1️⃣ Investors remain concerned about rising COVID-19 cases and new lockdowns across Europe.
2️⃣ ECB will continue to expand the bond-buying scheme.
USD - BULLISH
1️⃣ Amid hopes that central banks will not have to inject more money to support the economies if a coronavirus vaccine is available soon.
2️⃣ Prospects of a divided Congress that will prevent the new Biden administration from raising taxes and regulate businesses also supported the dollar.
=====
Technical
=====
We are looking to sell EURUSD at SBR + around SMA 50 on H1.