EUR/USD Forecast: April 2023

Get DailyForex analysis to your emailAfter falling to lows in the middle of March, which essentially tested early January depths, the EUR/USD has recovered upwards momentum and is speculatively attractive., yes, the Ides of March no less, the EUR/USD fell to a low of nearly 1.05185 falling below previous depths displayed on the 7of February. The lower values of the EUR/USD in fact tested prices not seen since the 5of January. However, since hitting the 1.

The EUR/USD traded above the 1.08000 ratios from the middle of January until the beginning of February with a rather solid capability.outlining its concerns about inflation and reasons why it needed to hike interest rates more If U.S. growth shows a slowdown and inflation statistics via the Consumer Price Index can display weaker results, the EUR/USD will likely react with a bullish trend

The near-term and first week of trading in April will be important regarding a perspective for what will develop. If the corporate banking sector crisis eases into the background and financial houses do remain calm, there is reason to suspect the EUR/USD could trade higher.

Source: Digital Coin News (digitalcoinnews.net)

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