Euro runs too far ahead. Forecast as of 12.07.2023

EURUSD's five-day rally after the release of the disappointing German data indicates that something is wrong here. It is quite possible that speculators are implementing the "buy on rumors, sell on facts" principle. Let's discuss this topic and make up a trading plan.

Weekly Euro fundamental forecast

It seemed that disappointing ZEW data (German economic sentiment index) finally discouraged EURUSD bulls from updating local highs. Why grow if the German economy is struggling? However, the upcoming end of the Fed's monetary restriction cycle was a much more significant factor than the negative German economic data. Moreover, the euro was supported… Read full author’s opinion and review in blog of #LiteFinance