EUR/USD market players hope for a return to economic growth by mid-2021. Central banks are likely to maintain their ultra-loose monetary policy for longer than the pandemic. EUR/USD price has turned bullish after breaking above a descendant trend line coming from 2008.

With Brexit talks out of the way, markets can focus on the consequences of this historic change. With Trump’s turmoil over, Biden’s tight work with the Fed is key to dollar action. Coronavirus vaccination should finish the crisis by year-end, yet a bumpy road awaits.

Japan’s cultural advantage over the US might result in a faster economic comeback. Central banks’ ultra-loose monetary policy has come to stay. USD/JPY price forecast 98.95 as a potential bearish target for 2021.

Australia weathered the covid crisis better than most, sending the AUD higher by year-end. Momentum from the crisis and central bank action could extend the trend early in 2021. Relations with China are set to weigh on the aussie.

Gold price surged to all-time highs above $2,000 in 2020. Gold forecast remains bullish in 2021 as central banks keep committed to supporting recovery. XAU/USD price could push higher if it manages to break above $1,930.

Bitcoin’s future looks bright as the digital asset has surpassed $20,000 for the first time. Several multi-million investments have propelled the flagship cryptocurrency towards new all-time highs in 2020. On-chain metrics are highly in favor of Bitcoin in the long-term.

Ripple’s overhead barriers are still in place, as highlighted on the 4-hour chart. The seller congestion at $0.3 is an uphill battle, so is the 50 Simple Moving Average. 

Cardano recently confirmed a breakout in away validating the 900% upswing prediction we discussed last week. Several hurdles have been shattered at the time of writing, including $0.3 and $0.35, adding credence to the potential breakout to $0.6.

Yearn.Finance has consistently recovered from the recent dip to $25,000. The price drop was not unique to the decentralized finance (DeFi) token but affected the entire cryptocurrency space.