EURUSD bounces of 20-year lows near 0.9950s but stays heavy, as sellers pile around parity – by christianborjon EURUSD Majors Inflation Recession Macroeconomics
meetings. Currently, the ECB’s deposit rate lies at minus 0.50%, while the US Federal Reserve’s Federal funds rate is at 1.75%, bolstering the appetite for the greenback.
Therefore, the EURUSD first support would be 1.0000. A breach of the latter will expose the fresh 20-year low at 0.9952. Once cleared, EURUSD sellers’ next challenge will be December 2002 lows around 0.9859.Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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