Another Res 1.113 so keep short EU
The Euro surly to remain weak against the US dollar, leaving EUR/USD looking at further losses because of negitive news coming After the Federal Reserve’s hawkish slant earlier this week, the ECB will be in full view next week particularly around its inflationary stance. The divergence between the two major central banks are stark however money markets tend to be at loggerheads with ECB officials as reflected in the markets pricing in a 35bps rate hike by the end of the year (while ECB officials reiterate the unlikelihood of a rate hike by year end).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.