The European Central Bank has made clear that it does not want to see
EUR/USD above the 1.20 mark, once seen as its “line in the sand” for the
pair, because of the negative impact of a strong Euro on both the
Eurozones competitive trade position and its inflation rate. Yet it is
hard to see what it can actually do about it now the pair is above that
level, and that suggests further strength in EUR/USD in the weeks
ahead.To get more news about [url=https://www.wikifx.com/]WikiFX[/url], you can visit wikifx official website.

　　A clear target for EUR/USD bulls is the 1.25 level last reached in
February 2018 and there is no fundamental reason why that should not be
challenged even if the ECB tries hard to subdue the Euro to lift the
Eurozones inflation rate. After all, direct intervention in the foreign
exchanges is highly unlikely.

　　For sure, the ECB could ease Eurozone monetary policy still further in
the first few months of 2021 to counter the impact on the economy of
the coronavirus pandemic, and in the past that might have weakened the
Euro. However the correlation between monetary policy and the level of
the currency seems to have broken down recently so further monetary
measures will likely fail to bring the Euro down.