💶 EUR/USD rose exactly as I wrote in the last post.
💶 All due to the valuation of the future better economic situation in the Eurozone and the stopping of interest rate hikes in the US.
💶 EUR/USD found its low near 1.063 after which investors started buying the euro.
💶 The solid economic situation in the Eurozone and the avoidance of a technical recession brought investors back to the old continent.
💶 This week we still have ahead of us PMI data from the most important Eurozone countries on Friday, which could bring high volatility.
💶 So far, I expect a moderate increase in the euro against the dollar, the continuation of the upward trend seems more likely, but I do not rule out a change of scenario if the data turn out to be worse.
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