19.11.202407:46 Forex Analysis & Reviews: Hot Forecast for EUR/USD as of November 19, 2024

Relevance up to 12:00 UTC--5

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Although the euro demonstrated some upward movement, it was purely symbolic. This is even though the dollar is already significantly overbought. Yesterday's trading dynamics essentially confirmed that the market retains a bias toward further strengthening of the US dollar. It seems that even today's data on eurozone inflation will have little impact on this trend.

Even with expectations that consumer price growth will accelerate from 1.7% to 2.0%, the fact remains that these are final figures. Their purpose is merely to confirm the preliminary estimates that the market priced in two weeks ago. Therefore, even if the euro does manage to post gains, any growth will likely remain modest.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.