Tuesday, February 28, 2023

EUR/USD Forecast: Bears looking for fresh monthly lows

  
Asian Session
HOT STORY
EUR/USD: Bears looking for fresh monthly lows
 
The EUR/USD pair advanced on Tuesday to reach 1.0644 early in the American session, later changing direction to end the day with modest losses around 1.0590. The Euro surged during London trading hours as hotter-than-expected Spanish and French inflation figures fueled speculation the European Central Bank (ECB) will continue hiking rates at least until early 2024.


EUR/USD failed around 1.0640 and aims for a downward extension towards 1.0500

MORE STORIES
Gold: Battling to regain the $1,830 mark
AUD/USD: The 0.6700 area still critical, Australian data in focus

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