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Euro extends decline to 1.1130 as the dollar stays hot

The US dollar is strong across the board today and that's weighing on the euro, which ended an 8-day rally this week. Yesterday, I talked about the opportunity to sell the euro in a video but didn't mention targets.An initial one is 1.1095, which was the old series of highs in April.That would make for a decent short term trade but I'm bearish in eurozone economic prospects and increasingly worried that the Federal Reserve will need to hike to 6% or hold rates high throughout 2024. The market is... Read More

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Content Topics

Euro

Extends

Decline

1130

Dollar

Stays

1 1130

Forex

Posted: Jul 20 2023, 15:54

Author Name: forexlive

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