EURUSD – Considering long trades

14.12.2021

Important events today:

10:00 Moscow time – UK: Unemployment rate for October.

There are two reasons for shopping. First, the Treasury Department will redeem $ 55 billion of Treasury bonds today. In the short term, this will negatively affect the USD price.

Second, oil prices are expected to rise, which will also give negative impulses to the dollar, since these assets are inversely correlated. OPEC recently released a report on the hydrocarbon market that predicts the same oil demand this year.

We do not exclude the influence of Omicron, which, according to the forecasts of the same OPEC, should not greatly affect prices, since the world has already learned to quickly adapt to the new challenges of the virus.

Recommendations: Purchases 1.1260 / 1.1235 with TP 1.1320.