Dollar Overreacts to Data. Forecast as of 14.10.2024

The Fed's data-dependent policy has increased the EURUSD’s sensitivity to macrostatistics. However, basing trading decisions solely on the latest data may lead to mistakes. Let's discuss this and make a trading plan.Highlights and key points Data sensitivity drives volatility for the U.S. dollar. The greenback has been overreacting to recent data releases. An eventual return to deflation threatens the euro's value. Selling EURUSD on a rise with a target of 1.085 could be the best strategy.