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24.11.202015:21 Forex Analysis & Reviews: Outlook on EURUSD for November 24, 2020

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EURUSD:

Buy on the upward breakout of 1.1906, stop at 1.1860.

Sell on breakout of 1.1800, stop at 1.1845.

The euro has again taken a neutral position. Monday's sharp fall was broken by the market, but the hike up, which seemed inevitable this morning, is questionable.

According to reports, Trump has already recognized Biden's victory and gave the command to start the transfer of power.

Biden is set to appoint former Federal Reserve chair Janet Yellen as Treasury Secretary.

The vaccine from AstraZeneca and Oxford showed an efficiency of at least 90%, which is already a very good result. If nothing comes up any further and if the vaccine succeeds in its final testing, then it is likely to become the most popular in the world due to the low price and simple storage conditions.

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