Euro Fundamental Forecast: EUR/USD Clinging on to 1.1000, Inflation Data Nears

Euro Fundamental Forecast: EUR/USD Clinging on to 1.1000, Inflation Data Nears

From dailyfx.com

The ramping up of hawkish Fed rhetoric, and the knock-on move higher in US Treasury bond yields, continue to apply downward pressure on EUR/USD with the pair clinging onto the 1.1000 level. Small moves higher are met with sellers, while any recent dip below the 1.1000 sees buyers reappear to try and steady the pair. Whether there are bigger forces at play keeping EUR/USD afloat, there will come a time soon when moves lower will accelerate, due to the widening yield differential between USTS and Bunds, leaving the recent two year low just above 1.0800 at risk. The Federal Reserve is fully expected to hike rates by ... (full story)

ok , better breaks and hold 1.0960 first for weekly close 0911 and next 0828! still may correct up over 1.0805 as first confirmation only ! take care

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Not understand?never follow my analyses!

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