forex trading strategies

EUR/USD decline intensifies as FED and ECB rate cut outlook diverge

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EURUSD chart

The battle of the currencies was in full force this week as the EUR took a hit, dropping over 2 cents against the USD. The FED and ECB’s interest rate plans have caused a rift, with predictions of more rate cuts from the ECB than the FED by 2024. The EUR/USD duo started the week … Read more

EURUSD as ECB major test for sellers

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EURUSD as ECB major test for sellers

March has been a tumultuous month for the EUR/USD exchange rate, with sellers dominating the market and causing a steady decline. But the tides may be turning as the 50 daily SMA emerges as a formidable support for the struggling EUR. EUR/USD Chart Weekly – The 50 SMA Is Still Holding Over the past decade, … Read more