The currency pair plunged last week but managed to gain back some positions after the announcement on the COVID-19 vaccine and the FED Head’s statement about the faster recovering economic growth. D.Trump withdraws his complaints, which is another good sign for the markets.

The currency pair is able to follow both directions currently. We are staying between two levels – 1.1950 and 1.1695. We advise waiting for more clarification before making any further market decisions.