I expect EUR to fall lower. 0,853 will make an excellent entry to be filled on Tuesday when ECB raises the rates. Then, I believe there is no reason for EUR to reverse the trend, hence it will continue lower.
Fundamentally, both economies have problems such as energy crisis or political issues in Italy for the EU or political skirmishes for the UK. However, the Bank of England is far ahead regarding raising rates and European Bank probably can't even catch up due to the debt some of its members 'achieved'.
The risk is that ECB will raise rates by more than 25 basis points. You can protect the position by not entering it except by stop-market / limit order submitted only after the ECB announces its final decision.
Fundamentally, both economies have problems such as energy crisis or political issues in Italy for the EU or political skirmishes for the UK. However, the Bank of England is far ahead regarding raising rates and European Bank probably can't even catch up due to the debt some of its members 'achieved'.
The risk is that ECB will raise rates by more than 25 basis points. You can protect the position by not entering it except by stop-market / limit order submitted only after the ECB announces its final decision.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.