EUR/USD forecast: expectations of further stimulus measures giving the yellow metal a boost

Euro4EURUSD trading plan:

The bullish rally in the gold market will have a positive impact on the value of the European currency. Traders worries about rising numbers of COVID-19 cases globally and expectations of further stimulus measures giving the yellow metal a boost. Precious metal got a further boost from U.S. Treasury Secretary Steven Mnuchin’s statement that the next U.S. stimulus bill would focus on getting people back to work quickly, with a further delay of the tax filing deadline also under consideration.

Correlation between the euro and gold

Origin: FreshForex

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