EURUSD Forex Signal: Euro Stages an Unconvincing Recovery
The pair moved above the parity level of 1.00, which was about 1.36% from the lowest level this week.Analysts believe that the bank will continue hiking interest rates as it fights the soaringAccording to Bloomberg, most analysts believe that the bank will hike rates by 75 basis points, the biggest increase in more than two decades. Other analysts expect that it will hike by 0.50%.
Energy is the biggest concern in Europe. During the weekend, Russia announced that it will stop gas flows to Europe until further notice. Putin’s administration has said that it will resume gas flows to Europe when sanctions are removed. As a result, European gas prices have soared to record highs. In addition to the ECB decision, the pair will react to a statement by Jerome Powell. It will be his first rate hike since
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