The Euro Will Buy the Fact. Forecast as of 16.10.2024

The European Central Bank's 50-point rate cut may become a surprise that will drown the euro even more. However, a cut by 25 bp has already been factored in EURUSD quotes, which may result in a pullback. Let’s discuss it and make a trading plan.Highlights and key points A Trump trade revival is supporting the U.S. dollar. The Fed can afford to hold back a bit. The ECB's decisiveness will cost the euro dearly. EURUSD growth above 1.0915 is a reason to buy.Fundamental forecast for euro for t