

EUR/USD started to show rally after New Year on the global forex market. November brought the EURUSD parity to over the 1.03 level on December 20, with the US elections showing a weak outlook before the dollar rally. After the Federal Reserve's (FED) meeting in December, the US dollar could drop its bullish correction. We know the economic risks for the European Region for 2017 years. The election year can also be the UK turnout period. However, despite all the negativities, growth and interest rates, it is wrong to expect the same direction in the markets. The trading volume in the second half of December could be a good time for such a correction. After a short downturn, we are expecting a downward reaction to the EUR/USD parity. This reaction can also spread in January.
- Date: 02 January 2017 Mon 08:37
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