Dollar restores uptrend. Forecast as of 19.04.2024

Growing geopolitical tensions in the Middle East and different views of the Fed and the ECB on monetary policy. Furthermore, the oil trend supports the EURUSD bears. Let us discuss the Forex outlook and make up a trading plan. Weekly US dollar fundamental forecast News that Israel warned the US of impending retaliation against Iran inflated demand for safe-haven assets. This, in addition to hawkish comments by FOMC officials, set back the EURUSD bulls. The major currency pair has resumed the downtrend, and investors are discussing the idea of parity. The markets realized that it would not be possible to... Read full author’s opinion and review in blog of #LiteFinance