The EURUSD went into the weekend near the 1.08655 ratio- Forex Trading FX Money Markets
The incremental climb upwards in the EUR/USD has sustained bullish signals, but pursuing the Forex pair is not particularly easy if a trader is over-leveraged and downward reversals knock them out of their positions too quickly.Federal Reserve
The highs reached on Thursday had not been seen since April of 2022, and the ability of the EUR/USD to flirt with values above the 1.09000 level has not gone unnoticed. The climb higher in the currency pair will never be a one-way direction and it would be foolish to pursue buying positions blindly. Traders need to remain realistic.
U.S. fundamental economic data last week did show that growth is slowing in the States, and on Friday consumer spending also displayed signs of restraint.The U.S. central bank is expected to raise interest rates by 0.25% on Wednesday, but many financial houses expect the Federal Reserve to also sound a less aggressive interest rate stance.
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