US Dollar Reaches Multi-Month High Amidst Global Monetary Policy Decisions
The world’s financial epicenters are experiencing a flurry of activities, largely catalyzed by the Federal Reserve’s recent decisions. As institutional and individual traders gear up for more data points, including the US weekly Jobless Claims and the preliminary US S&P Global PMI, the financial landscape remains both challenging and exciting.
EUR/USD Downtrend Continues Amid First Bank Takeover, ECB and Fed Rate Hikes
EUR/USD remains under pressure as ECB hawks retreat amid downbeat EU data and First Republic roils the mood. Additionally, the market is waiting for the Fed and ECB announcements this week. Given the current trend, a sell signal is suggested with an entry price of 1.1000, a stop loss at 1.1080, and a take profit at 1.0850. A risk to reward ratio of 1:2 is recommended. Traders should closely monitor the market events and adjust their positions accordingly.