Euro: down to the ground. Forecast as of 09.05.2023
Markets were dreaming of a Fed's dovish reversal due to a recession in the US economy. However, recent data suggests that the US will avoid a downturn. This leads to a EURUSD correction. Will it be long-lasting? Let's discuss this topic and make up a trading plan.
Weekly Euro fundamental forecast
The market predicted a recession in the US economy. Therefore, investors started considering lowering the federal funds rate as early as 2023, although the actual reasons may differ. This is what always happens when you act on emotions. As a result, EURUSD rose too high. It's time to return from heaven... Read full author’s opinion and review in blog of #LiteFinance https://bit.ly/3NRP8DZ
