Money market traders predict that the Fed will only raise interest rates twice. ECB President Christine Lagarde said the ECB would continue raising rates to tame inflation. A decrease in natural gas costs and lessening recession fears were also helping bolster the euro. Today’s EUR/USD price analysis is slightly bullish. The dollar remained weaker against the Euro on Tuesday, trading near a nine-month low as investors continued to assess the likelihood of an American recession and the direction of Federal Reserve policy. –Are you interested to learn more about Forex apps? Check our detailed guide- The euro gained strength on Monday due to remarks made by European Central Bank policymakers suggesting aggressive policy tightening. According to Ray Attrill, head of the foreign exchange strategy at National Australia Bank, the US is no longer the cleanest shirt in the global economic laundry. He predicts that by the end of March, the dollar index will reach 100, and the euro will increase to $1.10. Money market traders predict that the Fed will only raise interest rates twice as much, reaching a maximum of roughly 5% by June, and then drop rates twice more before the year is over. The Fed has asserted that an additional 75 basis points of tightening will likely come. ECB President Christine Lagarde reiterated much of the bank’s most recent policy guidance on Monday, saying that the central bank will continue raising interest rates fast to tame the inflation that is still too high. The Fed and the European Central Bank both have monetary policy meetings scheduled for next week, so major currency pairs were within comfortable ranges. A decrease in natural gas costs and lessening recession fears were also helping bolster the euro. EUR/USD key events today Investors will pay attention to Purchasing Managers Index (PMI) data from Germany. This data will show the activity level in the manufacturing and services sector. Get FREE Forex Signals Now! EUR/USD technical price analysis: Bears emerge at the 1.0900 key level EUR/USD price analysis The 4-hour chart shows EUR/USD trading slightly above the 30-SMA and the RSI above 50. This is a sign that bulls are in control. However, the bullish trend shows signs of weakness, as seen in the bearish RSI divergence. –Are you interested to learn more about STP brokers? Check our detailed guide- Adding to this is that bears have shown strength at the 1.0900 resistance level. Bears made a strong engulfing bearish candle that could signal the start of a bearish move. However, bears will only take over if the price breaks below the 30-SMA. Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal EUR/USD Daily share Read Next GBP/USD Price Drops from 1.2400 After Dismal Services PMI Olimpiu Tuns 2 days Money market traders predict that the Fed will only raise interest rates twice. ECB President Christine Lagarde said the ECB would continue raising rates to tame inflation. A decrease in natural gas costs and lessening recession fears were also helping bolster the euro. Today’s EUR/USD price analysis is slightly bullish. The dollar remained weaker against the Euro on Tuesday, trading near a nine-month low as investors continued to assess the likelihood of an American recession and the direction of Federal Reserve policy. -Are you interested to learn more about Forex apps? Check our detailed guide- The euro gained strength on… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.