The US currency, as many experts noted earlier, will not concede its position, especially when paired with the euro. The greenback has strengthened its position in the EUR/USD pair and is not going to part with the leadership. The European currency will have to make every effort to squeeze the greenback.
At present, little can shake the USeconomy, including the difficulty in reaching a compromise between Washington and Beijing. However, the development of a negative scenario is unlikely: according to experts, the warring parties are approaching the signing of a comprehensive agreement. Experts were pleased with the rapid growth of the US purchasing managers index, which reached a 4-month high, as well as the growth of consumer sentiment, which increased from 95.5 to 96.8 points. According to the latest data, everything is in order with the US economy, analysts summarize.
In the event of an implementation of a positive scenario, namely the complete cessation of the trade conflict between the United States and China, the market can hope for the restoration of the German economy that has suffered from this confrontation. In this situation, experts predict an active growth of the EUR/USD pair to the levels of 1,1500-1,1600. Otherwise, you should not count on the rise, analysts said.
The EUR/USD pair was trading in the range of 1.1025–1.1026 on Monday, November 25. In the future, experts recorded a bearish trend, which was steadily gaining momentum.
As a result, the pair was in a low position, trading within 1.1013–1.1014. The EUR/USD pair was stuck at this level in an attempt to grope the bottom, although analysts expect that it will gradually begin to move up in the near future.
According to preliminary estimates, the further dynamics of the classic pair will depend on the level of 1.1000. Experts do not exclude its breakout. In this case, we should expect the EUR/USD pair to fall to 1.0600–1.0700. A similar situation is possible if America and China once again fail to agree, and Donald Trump will raise duties on imports of European cars. In the event of the end of the trade war, the implementation of the "soft" Brexit and the restoration of the German economy, the market can count on EUR/USD rally up to 1.1500–1.1600, analysts said.
If the current situation is not very positive for the European currency, then there is no reason for a negative for the greenback. On the contrary, it feels more confident than ever. Analysts believe that the green light will turn on for the dollar for a long time, but the rise of the euro remains in question.
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