Hello traders what do you think about euousd)?
traders euousd breakout trade line support levels Rsl retet To lower high Rsl now waiting for retest same Rsl? Now see I will down 👇 support levels ✅
Key levels 1.07948
Key levels 1.06500
Key levels 1.05500
💵 steady, euro soft as traders wager rate cuts to begin in Q1
Dec 6, 202314:19 GMT+5
The dollar held near a two-week high on Wednesday, while the euro was weak across the board as markets ramped up bets that the European Central Bank will cut interest rates as early as March.
The euro
EURUSD
was down 0.1% against the dollar at $1.0783, after touching a three-week low of $1.0775, as markets adjust rate expectations lower following soft data and dovish central commentary.
The single currency was also at a three-month low against the pound
EURGBP
, a five-week low versus the yen
EURJPY
and a 6-1/2 week low against the Swiss franc
EURCHF
.
"The story in currency markets is mostly about a softer euro," said Niels Christensen, chief analyst at Nordea.
"Yesterday's comments from ECB's Schnabel supported the market view of early rate cuts."
Influential policy-maker Isabel Schnabel on Tuesday told Reuters that further interest rate hikes could be taken off the table given a "remarkable" fall in inflation.
Markets are now placing around an 85% chance that the ECB cuts interest rates at the March meeting, with almost 150 basis points worth of cuts priced by the end of next year.
traders euousd breakout trade line support levels Rsl retet To lower high Rsl now waiting for retest same Rsl? Now see I will down 👇 support levels ✅
Key levels 1.07948
Key levels 1.06500
Key levels 1.05500
💵 steady, euro soft as traders wager rate cuts to begin in Q1
Dec 6, 202314:19 GMT+5
The dollar held near a two-week high on Wednesday, while the euro was weak across the board as markets ramped up bets that the European Central Bank will cut interest rates as early as March.
The euro
EURUSD
was down 0.1% against the dollar at $1.0783, after touching a three-week low of $1.0775, as markets adjust rate expectations lower following soft data and dovish central commentary.
The single currency was also at a three-month low against the pound
EURGBP
, a five-week low versus the yen
EURJPY
and a 6-1/2 week low against the Swiss franc
EURCHF
.
"The story in currency markets is mostly about a softer euro," said Niels Christensen, chief analyst at Nordea.
"Yesterday's comments from ECB's Schnabel supported the market view of early rate cuts."
Influential policy-maker Isabel Schnabel on Tuesday told Reuters that further interest rate hikes could be taken off the table given a "remarkable" fall in inflation.
Markets are now placing around an 85% chance that the ECB cuts interest rates at the March meeting, with almost 150 basis points worth of cuts priced by the end of next year.
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