EUR/USD Review, February 20-24, 2023
20 February 2023
The currency pair tested 1.0622 last week as US yearly inflation data was better than forecasted. Some FOMC members support further monetary tightening and will vote for a 50-point rate hike on March. This supports USD. We expect EUR/USD to grow towards 1.0795 as we have a hammer bullish pattern. However, this scenario will be broken if EUR/USD goes below 1.0622.
