Euro's discouragement. Forecast as of 22.04.2022

The EURUSD bulls' attempt to strengthen and provoke a correction was unsuccessful. The USD looks very strong, while the euro positions are vulnerable. However, the situation in Forex is constantly changing. Let us discuss the Forex outlook and make up a trading plan.

Weekly euro fundamental analysis

The strengthened euro quickly declined. However, the EURUSD bulls do not give up. Two of the three key drivers for the EURUSD downtrend may become less dangerous for bulls soon, while the factor of aggressive monetary tightening has been priced in US dollar quotes.

The main reasons for the EURUSD fall are the following factors. First, the divergence in the… Read full author’s opinion and review in blog of #LiteFinance