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EURUSD
EUR/USD action is currently within the buying zone, aiming to reach the target at 1.105 level. If it gains momentum, it could potentially reach the 1.125 level. However, caution is advised as a drop below 1.08 might trigger a search for the 1.058 level.
here are some events that could influence the EUR/USD exchange rate this week:
1- Central bank policy decisions: The European Central Bank (ECB) will be meeting on August 25th to discuss interest rates. The ECB is expected to raise interest rates by 0.25% at this meeting. However, if the ECB raises interest rates more than expected, this could weaken the euro.
2- Macroeconomic data: The eurozone will be releasing a number of important economic data points this week, including the Consumer Price Index (CPI) and the Producer Price Index (PPI). If these data points show that inflation is still running high, this could weigh on the euro.
3- Geopolitical events: Any geopolitical events that could impact the European economy, such as the war in Ukraine, could also influence the EUR/USD exchange rate.
EURUSD
EUR/USD action is currently within the buying zone, aiming to reach the target at 1.105 level. If it gains momentum, it could potentially reach the 1.125 level. However, caution is advised as a drop below 1.08 might trigger a search for the 1.058 level. here are some events that could influence the EUR/USD exchange rate this week:
1- Central bank policy decisions: The European Central Bank (ECB) will be meeting on August 25th to discuss interest rates. The ECB is expected to raise interest rates by 0.25% at this meeting. However, if the ECB raises interest rates more than expected, this could weaken the euro.
2- Macroeconomic data: The eurozone will be releasing a number of important economic data points this week, including the Consumer Price Index (CPI) and the Producer Price Index (PPI). If these data points show that inflation is still running high, this could weigh on the euro.
3- Geopolitical events: Any geopolitical events that could impact the European economy, such as the war in Ukraine, could also influence the EUR/USD exchange rate.