Euro Zone inflation fears support the euro rise

By @ibtimes on

EUR/USD (1.3840)
European & US sessions forecast levels: 1.3570/1.3940
Trend Sessions: European: Neutral/Upward
US: Upward
Market Focus: 8:15 AM ADP Employment Change.
Daily Strategy: The euro gains continue very strong this week. The speculations for the rising inflation in the euro zone may push the European Central Bank to fast with the interest rates hike. The economic growth in the Euro Zone is stable but the inflation is the main tension over the economy. The euro/dollar is trading at already 3-months high. The FS Team expectations are to see the dollar close to 1.40 soon.

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