Euro lost its advantages. Forecast as of 11.07.2023

China's economy is in turmoil, while the eurozone recession may continue. How does EURUSD grow in such conditions? Investors are betting on the Fed's monetary tightening. Let's discuss this topic and make up a trading plan.

Weekly Euro fundamental forecast

Investors believe the Fed will end the monetary restriction cycle soon, so they buy EURUSD. Lower inflation expectations, statements by FOMC officials that the job is almost done, and forecasts of a slowdown in US consumer prices to 3.1% in June will help them. However, many drivers that strengthened the euro stopped working. It is possible that the current euro rally… Read full author’s opinion and review in blog of #LiteFinance