EUR/USD: Is the bullish counterattack too soon?

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12.12.2023 08:48 PM

If the market doesn't go where investors expect it to, it will move in the opposite direction. EUR/USD grew tired of waiting for a "bear" attack due to the stabilization of U.S. inflation and the hawkish tone from the Federal Reserve (Fed). Strong statistics on German economic sentiment indices from ZEW and rumors of a faster winding down of the European Quantitative Easing (QE) acted as catalysts for the euro's break above $1.08. However, this breakout looks very much like

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Pentru mai multe detalii, va invitam sa vizitati stirea originala.