Dollar catches us off guard. Forecast as of 29.05.2024

1 min read

The EURUSD’s trend is data-dependent. The release of strong US stats tipped the scales in bears’ favor. For how long? Will bulls come to their senses quickly and regain the initiative? Let’s discuss it and make a trading plan.

Weekly fundamental forecast for dollar

If the market reacts so strongly to the first increase in US consumer confidence in four months, then all is not lost for the US dollar. The rise of the Conference Board indicator from 97.5 to 102 in May caught investors off guard. The value exceeded all estimates of Bloomberg experts, and previous data were revised… Read full author’s opinion and review in blog of #LiteFinance

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