EURUSD BEARISH BREAKDOWN
based on the price on the chart it can be seen that the price has touched the harmonic price so that a pullback will occur so that the price will chase the next harmonic price.New rate hikes could occur in the coming months, and the ECB is likely to actively use currency intervention to support the euro. But actively using aggressive rhetoric, ECB representatives feel the need to add that much will depend on fresh economic data. Returning near-double-digit inflation rates to target levels could hurt the European economy.
ECB Vice President Luis de Guindos' remarks are an advanced version of ECB President Christine Lagarde's remarks at the September policy press conference, and are similar to those made by ECB Chief Economist Philip Lane last Wednesday.
The euro rose slightly, returned to balance after such statements, and showed strong resistance to the dollar, but that was only a short-term boost. For a stronger EUR/USD move, large-scale moves are needed in the form of the Fed meeting and Lagarde's speech on Tuesday.
Focusing on monetary policy, the topic of energy resources is slightly off the general list. Although it is quite clear that energy shock remains the dominant driver behind the dynamics of inflation and the overall economic outlook, including the impact of a significant decline in trade value.
ECB Vice President Luis de Guindos' remarks are an advanced version of ECB President Christine Lagarde's remarks at the September policy press conference, and are similar to those made by ECB Chief Economist Philip Lane last Wednesday.
The euro rose slightly, returned to balance after such statements, and showed strong resistance to the dollar, but that was only a short-term boost. For a stronger EUR/USD move, large-scale moves are needed in the form of the Fed meeting and Lagarde's speech on Tuesday.
Focusing on monetary policy, the topic of energy resources is slightly off the general list. Although it is quite clear that energy shock remains the dominant driver behind the dynamics of inflation and the overall economic outlook, including the impact of a significant decline in trade value.
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