EURUSD: Continue to discount stronger!
Hello EURUSD traders, let’s dive into today’s dynamics:
The EUR/USD pair continues to face modest downward pressure, dipping to 1.0850 in the early European trading session on Tuesday. This is attributed to the renewed vigor of the USD, asserting a bearish trend that has dominated recent days. With the current rate at 1.085 and a daily depreciation of 0.2%, the market sentiment is clear.
The sluggish fundamentals of the Eurozone, paired with the resilient US economy, are reinforcing the medium-term outlook for a stronger Dollar, particularly as both the ECB and the Fed are poised to implement easing policies almost in tandem. In such a scenario, EUR/USD may be bracing for a more significant adjustment, potentially targeting the 1.081 - 1.080 range in the coming period!
The EUR/USD pair continues to face modest downward pressure, dipping to 1.0850 in the early European trading session on Tuesday. This is attributed to the renewed vigor of the USD, asserting a bearish trend that has dominated recent days. With the current rate at 1.085 and a daily depreciation of 0.2%, the market sentiment is clear.
The sluggish fundamentals of the Eurozone, paired with the resilient US economy, are reinforcing the medium-term outlook for a stronger Dollar, particularly as both the ECB and the Fed are poised to implement easing policies almost in tandem. In such a scenario, EUR/USD may be bracing for a more significant adjustment, potentially targeting the 1.081 - 1.080 range in the coming period!
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