The EURUSD currency pair follows the parity rate of one at the ECB meeting.
EURUSD has bounced back from a good low level since the beginning of the week, which is due to the news of increased interest rates.
But the point is that the expectations from the European Central Bank have increased and this issue provides more downward space for EURUSD movements.
The possibility of a 75 percent increase in prices is valued.
At the sound of the European Central Bank announcing a half percent increase, the euro will fall. With an increase in interest rates by 75 percent, the event "buy rumors and sell in news" is expected.
will have. In addition, without a commitment to do whatever is necessary to reduce inflation, the euro will continue to lag behind the US dollar.
Any forecast of a recession in the euro area could reduce expectations of aggressive ECB actions and would be negative for the euro.
From a technical point of view, as well as with the increase of interest rates by the central bank, the price of this currency pair can reach higher levels in the short term, and due to the long-term downward outlook, recession, and high inflation, and the energy crisis, entering the selling position from the high to The rates of 0.9901 and 0.98546 will be valuable. The resistances of 1.0046 and 1.009 can limit emotional growth.
Apply proper risk.
wish you the best
EURUSD has bounced back from a good low level since the beginning of the week, which is due to the news of increased interest rates.
But the point is that the expectations from the European Central Bank have increased and this issue provides more downward space for EURUSD movements.
The possibility of a 75 percent increase in prices is valued.
At the sound of the European Central Bank announcing a half percent increase, the euro will fall. With an increase in interest rates by 75 percent, the event "buy rumors and sell in news" is expected.
will have. In addition, without a commitment to do whatever is necessary to reduce inflation, the euro will continue to lag behind the US dollar.
Any forecast of a recession in the euro area could reduce expectations of aggressive ECB actions and would be negative for the euro.
From a technical point of view, as well as with the increase of interest rates by the central bank, the price of this currency pair can reach higher levels in the short term, and due to the long-term downward outlook, recession, and high inflation, and the energy crisis, entering the selling position from the high to The rates of 0.9901 and 0.98546 will be valuable. The resistances of 1.0046 and 1.009 can limit emotional growth.
Apply proper risk.
wish you the best