EURUSD Analysis – December-20-2023

EURUSD Analysis - December-20-2023

The EURUSD value dipped under $1.1, with market players predicting a drop in Eurozone interest rates shortly. On Tuesday, Francois Villeroy de Galhau from France hinted that rate cuts might happen in the coming year, targeting a return to 2% inflation by 2025 or sooner.

Meanwhile, Greece’s Yannis Stournaras took a firmer approach, insisting on keeping inflation under 3% by the middle of next year before cutting loan expenses. Although inflation fell to 2.4% in November, experts anticipate it might rise again later in the year.

EURUSD Analysis

EURUSD Analysis – 4H Chart