EURUSD: Entry sell!
Updated
Fundamental Overview
Mario Centeno, a member of the ECB Governing Council, stated on Wednesday that the policy will continue to be strict for a while longer but indicated that interest rates ought to begin to decrease at some point in 2024. According to Bloomberg, some members of the ECB are suggesting that a rate increase may be necessary in September. This situation implies that there will be rate increases in both June and July.
Predicting continuation of downtrend
Mario Centeno, a member of the ECB Governing Council, stated on Wednesday that the policy will continue to be strict for a while longer but indicated that interest rates ought to begin to decrease at some point in 2024. According to Bloomberg, some members of the ECB are suggesting that a rate increase may be necessary in September. This situation implies that there will be rate increases in both June and July.
Predicting continuation of downtrend
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Trade closed: stop reached
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