Euro May Surge to August Peaks. Forecast as of 14.08.2024

The major currency pair is poised to resume an upward trajectory as investors shift their focus to the divergence in monetary policy between the ECB and the Fed. Let's delve into this topic and make a trading plan for the EURUSD pair.Highlights and key points The US PPI slowdown has pushed the EURUSD pair to August highs. The market expects a 50 bp Fed rate cut in September. ECB's slowness favors the euro. The EURUSD pair may consolidate above 1.1015.Weekly fundamental forecast for euroOn a