Euro takes a step towards its dream. Forecast as of 04.06.2024

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American exceptionalism gives way to the synchronization of global economic growth, which supports the euro as a procyclical currency. And that’s not the only driver in the EURUSD’s rally. Let’s discuss that and make a trading plan.

Monthly fundamental forecast for the euro

The EURUSD is firmly moving to the target of 1.108 as American exceptionalism no longer supports the USD, and the ECB idles after June’s deposit rate cut. Weak statistics on business activity in the US manufacturing sector allowed the main currency pair to take another step toward its dream.

The ISM Purchasing Managers’ Index fell to a… Read full author’s opinion and review in blog of #LiteFinance

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