Euro Leaves the Door Open. Forecast as of 18.10.2024

One may think the ECB did not dare to frighten markets with a 50-point rate cut as investors could suspect a panic. However, the modest cut by 25 basis points will hardly save the eurozone. Let’s discuss it and make a trading plan for EURUSD.Highlights and key points The ECB cut the deposit rate by 25 bp to 3.25%. The monetary expansion could continue. The Central Bank intends to declare victory over inflation in 2025. Hold shorts on EURUSD opened above 1.12 and from 1.1045.Weekly fundamen