bearish
EURO-USD Cross Rate
SUMMARY
- While the market has aggressively moved the US rates and the rate expectations lower, the European rates are pricing in higher for longer, with a rate hike possibility still on the cards.
- In the current market environment, the Dollar crosses are driven by rate differential and sentiment rather than growth differential and geopolitical risk of the Ukraine war.
- The Cross rate and the 13-day RSI are overlaid with two standard deviations Bollinger Bands to plot the mean reversion boundaries.
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Discussions
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- Next USD Trade03 Jun 2023
- USD Breakout21 May 2023
- EURO-USD Cross Rate15 Apr 2023
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