RECAP
In our last report (18-Aug-22, EURUSD @ 1.0173), we had expected Euro to trade within 1.00-04 over the next 2-months with a maximum possible downside of 0.9950. Thereafter, a break above 1.04 was expected. Different factors were discussed that indicated possible bearishness for Euro. The ECB hiked rates by 75bps as expected. It has announced that it will continue to hike rates in the upcoming meetings possibly unless the inflation starts coming down.
Euro has been trading near parity levels and it would be important to see how long it can sustain within a narrrow range and if at all it would bounce back immediately. With inflation levels still high it is a question of whether some more downside for Euro is possible from current levels? We layout our analysis in the September'22 report.
To buy a single copy or subscribe for a year please click: https://kshitij.com/eurusd-forecast-...details/sep-22
In our last report (18-Aug-22, EURUSD @ 1.0173), we had expected Euro to trade within 1.00-04 over the next 2-months with a maximum possible downside of 0.9950. Thereafter, a break above 1.04 was expected. Different factors were discussed that indicated possible bearishness for Euro. The ECB hiked rates by 75bps as expected. It has announced that it will continue to hike rates in the upcoming meetings possibly unless the inflation starts coming down.
Euro has been trading near parity levels and it would be important to see how long it can sustain within a narrrow range and if at all it would bounce back immediately. With inflation levels still high it is a question of whether some more downside for Euro is possible from current levels? We layout our analysis in the September'22 report.
To buy a single copy or subscribe for a year please click: https://kshitij.com/eurusd-forecast-...details/sep-22