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market-update-Limitless-Trading

With more hawkish comments from US Federal Reserve members, the EURUSD dropped below parity again this week. Next week on 8th September 2022, it is again ECB (European Central Bank) Interest Rate announcement and we should expect it will be a volatile week for EURUSD.

To make things more clear, we change our writing style to bullish factors and bearish factors for our market update. Hopefully, it will help all of you to understand the current EURUSD situation in a better way.

EURUSD Bullish Factors

EURUSD Bearish Factors

Europe Inflation

Although it looks like there are more reason for the EURUSD to be bearish, but each potential factor has different level of impact on the EURUSD and it is hard to assess how much of these factors has been priced in the currency.

Recommendation

With this outlook, and to be on the safe side, we strongly recommend all Ophiuchus and Limitless EA users to schedule to stop trading for this period starting from 7 Sep till 9 Sep. You can use the stop trading period feature in the EA to do that. You can also decide to extend the stop trading period (eg, till 10 Sep and only start trade on the week after next) if you would like.

Disclaimer – Please note that Limitless Trading is not liable for our recommendation and is not responsible for any loss or profit caused by this recommendation. You should assess your personal circumstances and perform your own research to make decisions for your trading.