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EUR/USD

EUR/USD fell quite sharply on Friday - there were no very important news - however, the University of Michigan index showed inflation expectations higher than forecast.

Note that EUR/USD fell against the backdrop of the worsening US debt problems and unclear prospects for Biden-Congress debt negotiations.

There are no particularly important news in the calendar for the new week - there are retail sales in the US for the month and new home sales on Wednesday.

But the main event is the Biden-Congress debt negotiations - the day of negotiations is not even known on Monday morning.

Nevertheless, I am almost 100% sure that Biden and Congress will certainly find a solution and the debt limit will be raised on one condition or another or without conditions. Both sides are not suicidal and do not intend to bury the dollar system in the world.

We will keep selling EUR/USD, especially since we entered at a good price of 1.0938.

I advise EUR/USD traders to keep an eye on the daily dollar index chart in the coming days - perhaps the picture will become clearer to you.