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EURUSD Technical Analysis - Sell the fact on the ECB rate hike?

Yesterday, the Fed hiked by 25 bps bringing the FFR to 5.25-5.50% as widely expected. The statement was left basically unchanged. The market was more interested on the Fed Chair Powell’s press conference to see if he could offer any forward guidance. Unfortunately, Powell just repeated their data dependency and left all options on the table for the September meeting. The ECB is expected to hike by 25 bps bringing the deposit rate to 3.75% today. The central bank should stress their data dependen... Read More

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Eurusd

Technical

Analysis

Sell

Fact

Rate

Hike

Forex

Posted: Jul 27 2023, 09:46

Author Name: forexlive

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