EURUSD Forecast And Technical Analysis: Midterm
US Inflation knocking at the door.
Market expectation was 3 rate hikes. And this has been priced already. However, US CPI indicates that FED may go additional rate hike.
Increasing US Bond yields.
ECB is not happy with strong – overvalued – EURO.
I would not talk about a trend reversal now. USD Bulls will wait for closings below 1.23000. However, I believe that sellers will be much eager below 1.23000.