EUR/USD Forex Signal: Sell-off Gets Supercharged

EURUSD Forex Signal: Sell-off Gets Supercharged $EURUSD forexsignals TradingSignals forexmarket forextrading

It dropped to a low of 1.060, the lowest point since January 6 of this year as the US dollar index continued its recovery.The EUR/USD plunged to the lowest level in more than a month after the Fed delivered minutes of the past meeting.

At the same time, they all agreed that more hikes were necessary to deal with inflation, which is a thorn in the flesh for the Fed. The minutes said: The hawkish tone in the minutes is notable since the meeting happened before the US published strong data. These numbers showed that the country’s unemployment rate dropped to 3.4% while inflation dropped slightly to 6.4%.

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