View full page at forexfactory.com

 

USD: fly in the ointment. Forecast as of 26.05.2023

From litefinance.org

Despite much good news for EURUSD bears, there is a cause for concern. No matter how the debt ceiling story ends, the US economy may slow down even more. Let's discuss this topic and make up a trading plan. Quarterly US dollar fundamental forecast: In the second reading, Germany's GDP for the second quarter was reduced to -0.3%, which indicates a technical recession. This pushed EURUSD to a two-month low and allowed the price to hit the first of two short targets at 1.0715 and 1.0665. If the situation in the other leading economies of the eurozone does not change, the currency union is likely to face stagnation. How, ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis