EUR/USD PRICE FORECAST: FURTHER WEAKNESS LIKELY BELOW THE 200-DAY SMA
EUR/USD PRICE FORECAST: FURTHER WEAKNESS LIKELY BELOW THE 200-DAY SMA
EUR/USD rebounded sharply above 1.0400 on Monday.
The US Dollar weakened significantly on Inauguration Day.
Investors should pay close attention to Trump’s initial announcements this week.
The Euro extended its recovery as the US Dollar faced selling pressure.
The US Dollar Index (DXY) struggled due to risk-on sentiment and weak US data.
Dovish comments from FOMC Governor Waller suggested possible rate cuts, adding to uncertainty around the USD.
This uncertainty has investors reassessing Federal Reserve policy ahead of the January 28-29 meeting.
