EURUSD is under pressure from the Fed raising interest rates
The U.S. dollar rallied in early European trade Thursday, boosted by the Federal Reserve’s hawkish projection of more tightening this year, while the euro weakened ahead of the latest European Central Bank policy meeting.
EUR/USD fell 0.2% to 1.0817, suffering from the resurgence of the dollar ahead of the European Central Bank’s next rate decision later in the session, with another 25 basis-point hike widely expected.
Such a move would be the eighth straight increase of that size, and the ECB is also expected to signal more hikes to come in the months ahead following President Christine Lagarde's recent comments that "there is no clear evidence that underlying inflation has peaked
BUY EURUSD 1.0785 - 1.0775 💯💯
✅ TP1: 1.0815
✅ TP2: 1.0845
🛑 SL: 1.0755
EUR/USD fell 0.2% to 1.0817, suffering from the resurgence of the dollar ahead of the European Central Bank’s next rate decision later in the session, with another 25 basis-point hike widely expected.
Such a move would be the eighth straight increase of that size, and the ECB is also expected to signal more hikes to come in the months ahead following President Christine Lagarde's recent comments that "there is no clear evidence that underlying inflation has peaked
BUY EURUSD 1.0785 - 1.0775 💯💯
✅ TP1: 1.0815
✅ TP2: 1.0845
🛑 SL: 1.0755
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