EURUSD Price stabilizes around 1.0440 as DXY to conclude pullback, ECB in focus – by Sagar_Dua24 EURUSD ECB Inflation InterestRate ConsumerConfidence
ase after a sheer upside move. The pair turned into correction mode after failing to overstep the crucial resistance of 1.0200 on Monday. The major has renewed its weekly high at 1.0201 and is likely to extend gains as the corrective move will turn into a bullish impulsive wave ahead. has attempted a rebound after witnessing a vertical downside move. The asset has rebounded after picking bids from near 107.00.
from the market. It is worth noting that the ECB is going to elevate its interest rates for the first time in the past 11 years.The major catalyst that could turn the firm rally of the EURUSD price into turmoil is the. The eurozone is already facing the heat of an energy crisis after its promise to lower its dependency on
and energy imports from Russia after its invasion of Ukraine. The Russian Gazprom company has declared force majeure on supplies and said it could not guarantee gas supplies to Europe because of "extraordinary" circumstances.Harmonized Index of Consumer Prices
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