Euro - US dollar currency pair was in a mixed condition

2020-01-09 14:21:48

Euro - US dollar currency pair was in a mixed condition at the end of 2019. For the short term dollar is stronger fundamentally, for longer forecast but we need to wait until Non-farm employment change release on January 10. Technically trend channel (1,2,3,4 points) will give strong signal to short dollar against euro, after crossing 1-3 trendline. There are speculations about "Third World War" based on US-Iran tension, but in my opinion both countries will try avoid any kind of war, Trump is trying to reach his economic targets and war will ruin most of them.