USD: wrong way. Forecast as of 12.10.2023

All new trends emerge when no one believes in them. Will the EURUSD decline for six trading days in a row be the start of a new trend? Let's discuss this topic and make up a trading plan.

Weekly US dollar fundamental forecast

The USD index marked its longest weakening period in more than three years. Amid lower Treasury yields due to geopolitical factors and neutral comments from Fed officials, the dollar declined significantly. All attempts by Fed officials to save the US economy so far do not look very encouraging. As a result, the EURUSD correction may develop into a trend… Read full author’s opinion and review in blog of #LiteFinance