EURUSD pair dropped sharply following the release of latest PMI data from the US, however buyers quickly regained control supported by another slew of hawkish remarks from ECB President Lagaarde.
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I intend to raise rates by 50 basis points in March.
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In 2023, there will be no eurozone countries in recession.
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Headline inflation has begun to slow down.
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I don't see a wage-price spiral in the Eurozone and rapid nominal wage growth is part of catching up.
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The extent to which rates rise will be determined by data.
EURUSD pair again jumped above the major resistance zone between 1.0660 -1.0670. Nevertheless as long as the pair sits below 1.0700, the main sentiment remains bearish. Source: xStation5
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