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EUR/USD: rebound on hopes
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See also: InstaForex trading indicators for EUR/USD. EUR/USD opened the week with a confident gap higher, rebounding from seven-week lows around 1.1575. At the time of writing quotes are consolidating near short-term resistance at 1.1642, reflecting a tug of war between two opposing drivers: hopes for a US-Iran peace framework and falling oil prices, which weaken the dollar, versus hawkish Fed expectations and weak euro-area data that limit euro upside. Fundamental picture: ECB's stagflation dilemma, oil shock versus a hawkish Fed The principal
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Jurij Tolin,
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