US Dollar Recovers from Market Storm. Forecast as of 12.08.2024

In the wake of Black Monday, there was a notable shift in investor sentiment. The prevailing wisdom is that negative economic news is no longer a positive for the markets. Let's delve into this topic and make a trading plan for the EURUSD plan.Highlights and key points Black Monday changed investors sentiment. Recession is now scarier than the return of inflation. The Fed doubts the need to cut rates. The EURUSD pair is trapped in the range of 1.089-1.094.Weekly US dollar fundamental foreca