Euro: can't be saved. Forecast as of 15.09.2023

After the European Central Bank raised the deposit rate to 4%, EURUSD bears realized that the worst had already happened and went ahead. Let's discuss this topic and make up a trading plan.

Weekly Euro fundamental forecast

The 10th consecutive increase in the ECB deposit rate to a historical maximum of 4% resulted in a complete defeat of the euro. Investors have suggested that the European Central Bank had taken the final step in its monetary tightening cycle. Against the background of the Federal Reserve's ready increase the federal funds rate to 5.75%, this strengthens the EURUSD bears.

The ECB believes that… Read full author’s opinion and review in blog of #LiteFinance