Euro

EUR/AUD is currently seen undergoing a correction. However, this correction has not been able to diminish the solid bullish sentiment.

The turmoil in EUR/USD was triggered by a surge in CDS and the fall of Deutsche Bank's stock, the largest bank in Germany.

Euro is seen in a corrective mode from its bullish track. Therefore, you may look forward to opening short as the main trading scenario this time.

The release of a number of US economic data points last week highlighted the magnitude of the threat of a recession, so that the US dollar was no longer the champion of the home market. The EUR/USD is rising.

ECB officials signaled the need to raise interest rates by 50 basis points a few more times in order to reduce the Eurozone inflation rate.

The release of German inflation data sparked a fall in the euro in the first European trading session of 2023.