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Jul 27 - 06:55 AM

EUR/USD - Could The Fed Push The Ailing EUR/USD Over The Edge?

By Martin Miller  —  Jul 27 - 04:45 AM
  • EUR/USD slumped from 1.0250 to hit 1.0108 on Tuesday, according to EBS data

  • Wednesday has seen a modest 1.0119-1.0159 so far

  • EUR/USD "bull trap" ups odds of a bigger drop to test 2022 low nL1N2Z80DH

  • Dollar enters the Federal Reserve storm Wednesday nL1N2Z70LH

  • Fed: 75 bps is priced in, 13% chance of a 100 bps raise FEDWATCH

  • A 100 bps hike would likely fuel dollar demand, helping EUR/USD even lower

Source:
Refinitiv IFR Research/Market Commentary

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