the Cleveland Fed President Loretta Mester saidand the CPI report was uniformly negative. In the meantime,
With expectations of the ECB hiking 25 bps and the Fed to move at least by 75 bps, differentials would widen further, to -0.25% vs. 2.50% , meaning that the greenback would keep the upper hand, opening the door for further selling pressure on the EURUSD.remains heavy, as shown by the daily chart, with the daily moving averages residing well above the exchange rate. Wednesday’s correction offered EURUSD shorts a better entry price after hitting a daily high around 1.
On the flip side, the EURUSD first support would be 1.0000. A breach of the latter will expose the fresh 20-year low at 0.9952. Once cleared, EURUSD sellers’ next challenge will be December 2002 lows around 0.9859.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.