Forex Daily Analysis : December 21, 2020

The daily forex analysis of December 21, 2020 will discuss the single currency of the euro zone, namely the Euro which is moving weaker versus the greenback, the impact of the weakening includes: due to the positive sentiment of the strengthening of the US Dollar, which is driven by the stimulus of American Corona assistance which has not been agreed. However, on Sunday, the surprising news that the US Congress reported that there had been an agreement on a US stimulus package of $900 billion, but on the one hand the number of Covid-19 cases that continues to increase in Europe and the lack of a BREXIT agreement pushed the Euro exchange rate down. EURUSD is expected to decline in the short term amid a strengthening sentiment of the US dollar due to demand for safe-haven assets amid concerns over a surge in Covid-19 cases after a new strain of the virus was discovered in the UK that caused neighboring countries to close access to travelers and shipments from the UK. Investors' focus today will be on the Eurozone Consumer Confidence data released at 22:00 WIB.

Forex Daily Analysis Predictions

Today's FOREX prediction on the EURUSD pair is expected to continue its decline, and the recommended OP (Open Position) is SELL at the level of 1.21850. With a Target Profit (TP) of 10 - 20 points and a Stop loss (SL) of 5 - 10 points. This the daily analysis of forex December 21, 2020. Keep Money Management and Risk Management first in your trading. Visit GIC Indonesia to get information about the world of trading. You can also join us in the GIC Trade Telegram Community and GIC Trade Telegram Channel. Don't forget to check out the GIC Indonesia Youtube account which is full of a lot of information, and follow our Instagram account to get information about various interesting webinars that you can participate in.