US Dollar Strengthens on Biden’s Dropout. Forecast as of 22.07.2024

Following the debates and the attempted assassination of Donald Trump, the markets demonstrated confidence in a new Republican presidency. Joe Biden appeared to lack the strength to lead effectively and dropped out of the presidential race. This factor will likely alter the strategic landscape. Let's discuss this topic and make a trading plan for the EURUSD pair.Highlights and key points Betting on the Trump trade started to look excessive. Hawkish ECB rhetoric and strong PMIs wil