An aggressive fiscal spending proposal by Germany has attracted bullish animal spirits into EUR/USD. A significant rally in the longer-end German Bund yields is likely to alter ECB monetary policy guidance towards a “less dovish stance.” The three-month rally in the EUR/USD has reached overbought condition, at risk of a minor corrective pull-back below 1.0885/0940. […]
The post Germany’s Fiscal Bazooka Ignites Euro Bulls, But a Minor Pullback is Imminent as ECB Looms appeared first on Action Forex.
