Euro: trapped. Forecast as of 27.11.2023

It’s one thing when only the ECB is expected to cut rates. Another thing is when the transition to easing monetary policy is part of a global process. In the second case, EURUSD will benefit from eurozone weakness. Let's discuss this topic and make up a trading plan.

Weekly Euro fundamental forecast

Weak PMI data, signaling a recession in the eurozone economy, and expectations of a further slowdown in inflation are helping EURUSD bulls. They increase the possibility of an easing of ECB monetary policy, which is part of a global process of dovish central banks' reversals led by the Fed. It… Read full author’s opinion and review in blog of #LiteFinance