$EURUSD Forecast: 25 bps ECB hike might not be enough to save the euro by eren_fxstreet forex trading
ECB is expected to hike its policy rate by 25 basis points.After having snapped a three-day losing streak on Wednesday, EUR/USD has gone into a consolidation phase below 1.0200 early Thursday. Unless the hikes the policy rate by 50 basis points and convinces investors of its commitment to battle inflation, the shared currency could find it difficult to stay resilient against the dollar.
regather bullish momentum. In order for the pair to stage a steady uptrend, however, market participants may want to see the bank commit to one more 50 bps hike in September. If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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