The war in Israel and a lot of economic data this week will determine the EUR/USD rate


The start of the new week is expected to be dynamic in view of the expected important political and economic events. How far will the Israeli attack on Palestine continue? If it turns out to be true that Israel is losing a significant part of the special forces and therefore temporarily stopped the ground operation, it may affect further actions.
On the other hand, the week is important for data on unemployment and new jobs in the United States. Already on Monday, data on the GDP of the largest economy in the Eurozone – Germany, as well as data on inflation – are expected.
Overall, expects the dollar to remain strong against the Euro throughout the week, with trade likely to reach EUR/USD levels of 1.0450.

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