EUR/USD -Outlook
EUR/USD Outlook
* CPI ( MOM) came higher than expected 0.1% .
* US Jobless Claims and the NFP came up strongly.
The ECB seems to have stopped its rate tightening as ECB has clearly highlighted that the Euro zone economy has been weaken.
Note - Looking at ECB and FED , there is a high chance that the ECB will start its rate cutting way more earlier than the FED as the FED seems to have a lot more work to do to reach its 2% target .
Technically Closing above 1.08250 might drive the price towards 1.096 level, On the bearish side , closing below 1.076 will lead it to 1.066 level.
* CPI ( MOM) came higher than expected 0.1% .
* US Jobless Claims and the NFP came up strongly.
The ECB seems to have stopped its rate tightening as ECB has clearly highlighted that the Euro zone economy has been weaken.
Note - Looking at ECB and FED , there is a high chance that the ECB will start its rate cutting way more earlier than the FED as the FED seems to have a lot more work to do to reach its 2% target .
Technically Closing above 1.08250 might drive the price towards 1.096 level, On the bearish side , closing below 1.076 will lead it to 1.066 level.
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