EURUSD Forecast (04.09-08.09) continue the downward trend.

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⚡️US yields also saw volatility, falling to lows not seen since August 10, but then cleared some losses. The decline of the yields hints at investors betting on lower odds of a Federal Reserve (Fed) interest rate hike this year. The CME FedWatch tool depicts that the likelihood of a 25 basis point (bps) increase at nearly 35% in November and December after rising to nearly 50% this week.

⚡️Ongoing data will continue helping investors model their expectations towards the upcoming September 20 meeting and as long as investors continue betting for no hikes for the remainder of 2023, the USD’s upside is limited.

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⚡️EUR/USD hits one-week lows under 1.800 amid Dollar strength
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⚡️Euro pair’s recovery remains elusive below 1.0920 resistance confluence.
ECB President Christine Lagarde’s speech will entertain traders amid US holiday.
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⚡️The Euro meets initial resistance near 1.0810 vs. the US Dollar
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⚡️Stocks in Europe trade mostly in the positive ground on Monday.
The USD Index (DXY) remains offered, albeit supported near 104.00
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EURUSD 01.09 nears 1.0840 as EU inflation attracts ECB attention
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⚡️European Central Bank's (ECB) Governing Council member Francois Villeroy de Galhau reiterated on Wednesday, “our options are open at the next and the upcoming rate meetings,” adding that “we are near or very near the peak regarding interest rates.”
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⚡️Real PIM News Bigger Than Forecast, Good Outlook for USD
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⚡️Real PMI News Bigger Than Forecast, Good Outlook for USD
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⚡️After US unemployment news, good outlook for USD
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⚡️Do you think EURUSD will increase or decrease today?
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⚡️EUR/USD posts modest recovery near 1.0720 region, upside potential appears limited
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DXY INCREASE

⚡️DXY's recovery pushed EUR down the past few days
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⚡️The market becomes more active when the American session begins
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⚡️The US is facing the risk of second round inflation, leaving the Fed open to raising interest rates, putting further pressure on the exchange rate
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⚡️EUR/USD remains under pressure above the 1.0700 area amid the fear of a Eurozone recession.
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⚡️EUR/USD posts a modest gain around 1.0725 amid the weakening US Dollar.
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⚡️The plan is right, follow me
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