For last 3-4 week it may be neutral, up and down as DXY and Gold. Fundamental impacts this pair during this week. UOB is avoiding to make EUR strong. Then when the stimulus package release, EURUSD has potentially buy trend to reach 1.25. For now, it is neutral.
If it doesn't fall, it will go check previous resistance line. Then go back hit 1.29-1.27. But if this prediction won't come true, it will fall down straight to 1.24 around
In long term, it could go into the 1.2550 and pullback into the 1.21 around. In short term it go back check 1.21 and come in around 1.2550. By end of the 2021 O1 EURUSD is around 1.20 or 1.19 because of monthly bearish trend.
If in long term, EURUSD has bullish trend and it has keep the trend, it will probably check 1.25 and if it fall down, 1.20 is the maximum point in falling.
Vaccine's good news and market's stability increases EURUSD pair. But in recent days, there are news which impact this pair and support DXY and GOLD. COVID-19's new mutation variant has infected in Great Britain and Japan. Scientist can't say that it could be cured by vaccines. So that, we are convinced economic recession is carrying on until 2022 and more....
If DXY will be higher than I anticipated while CAD is bullish now. USD will probably be more vulnerable because of Federal Reserve's decision and Vaccine's good news. Each of December in last 50 years, USD has seasonal impact to decline. It would rise 1.2750 between 1.2760 then fall back down to 1.2700
