FOREX Fundamental Analysis for November 30, 2023German inflation slowed to 2.3%, allowing ING to claim that the ECB's assessment of inflationary pressures was wrong. Inflation is falling across the Eurozone and the regulator, according to financial analysts, can start cutting interest rates right from tomorrow. The expectation of monetary policy easing and the weak Euro bloc economy, which requires global stimulus, put pressure on EUR/USD.And is deflation really that attractive? According to Rafael Bastick, head of FRB Boston, consumers are already starting to postpone purchases and cut back on spending, expecting prices to fall further. This is detrimental to any economy, and especially to the Eurozone economy, as the ECB probably overdid it by raising rates, although the main cause of inflation was a logistical disruption due to the COVID-19 pandemic, which the European regulator had no influence on.In the United States, the negative processes associated with the cooling of the economy are slower, as here large-scale stimulus allowed the population to accumulate excess savings. Nevertheless, the FOMC is no longer denying the likelihood of lowering rates, which now create additional economic risks.At the same time, the OECD urges Central Banks not to rush to reduce the cost of borrowing. Here they believe that the Fed will cut rates in the second half of 2024, and the ECB only in 2025. OSER forecasts US GDP growth of 1.5% next year and 1.7% in 2025. This is a good performance compared to the Eurozone. For Germany, analysts are planning growth of 0.6% and 1.2% respectively.American exceptionalism allows Goldman Sachs to state that in 2024 the dollar index will continue to lead other forex currency indices. Morgan Stanley recommends long-term EUR/USD selling with an eye on the parity level. Banks believe that the world economies, except for the U.S., will not withstand the burden of high rates, which will increase the demand for the dollar as a protective asset.We believe that EUR/USD dynamics now largely depends on inflation reports. If the US PCE falls below expected values, the main currency risk could continue to strengthen. If the forecast and actual figures are close, the pair will go into a prolonged consolidation. The EUR/USD growth was too turbulent and it is time to take a pause.It is possible that the upper boundary of the consolidation range is already marked and passes through 1.1015. If the price goes below 1.096, the pair will test the lower boundary of the channel around 1.091 or 1.086. For risk traders, you can look for entry points for short-term sales.