EUR/USD Latest – Support at 1.05 Back in Focus, ECB Rate Hike Talk

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EUR/USD Latest – Support at 1.05 Back in Focus, ECB Rate Hike Talk
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Dutch central banker Klaas Knot yesterday became the first ECB council member to float the idea of a 50 basis point interest rate hike in the coming months if inflation pressures persist. Get your market update from nickcawley1 here:

The US dollar remains near its recent 20-year high with fresh highs probable in the weeks ahead. While the market has priced in a large portion of the expected future path of US rates, the widening rate differential between the US dollar and a host of other currencies will keep the greenback in demand.chart shows the ongoing battle around the 1.0500 area with the recent break lower bought back quickly. A confirmed break lower will bring last Friday’s 1.

The number of traders net-long is 10.04% lower than yesterday and 13.45% lower from last week, while the number of traders net-short is 20.97% higher than yesterday and 22.43% higher from last week. We typically take a contrarian view to crowd sentiment, and the fact traders are net-long suggests EUR/Yet traders are less net-long than yesterday and compared with last week. Recent changes in sentiment warn that the current

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