FOREX Fundamental analysis for EUR/USD on November 28, 2022One of the components of EUR success is the dynamics of the Chinese economy. If the Celestial Empire develops well, the euro gets an additional trump, if it does not, the "bulls" will study other influencing factors and think twice before buying EURUSD.Now, with the epidemiological situation in China getting worse by the hour and more and more strikers coming out on the streets demanding Xi Jinping's resignation, traders understand that it is not the best time for the European currency in forex trading. Despite the fact that the ECB is likely to raise the rate by 75 basis points in December, EUR/USD has failed to consolidate above 1.04.Among the big investors surveyed by MLIV Pulse, 50% believe the global economy is stagnant, combining high prices and sluggish growth. In 2022 this factor contributed to the strengthening of the dollar, but now 70% of respondents for some reason expect the greenback to fall in a month. Just a month ago 62% of the respondents believed in the strengthening of the US dollar.Such changeability of opinions proves that in a while the Euro purchasers will easily move to the sellers' camp again. As noted in previous reviews, EUR/USD is in for a bumpy ride.Yes, stock indices are rising now, and through the correlation of currencies, risky assets are rising along with them. But don't let traders be embarrassed by the strengthening of the S&P500. The results of corporate reporting show that 97% of the companies whose stocks are in the index rose only 2% in earnings. That's the lowest since the third quarter of last year. Add to that the forecast of a slowdown in US GDP and continued Fed rate hikes, there is little or no fundamental reason to buy the risk.Recently the Chinese authorities strengthened monetary stimulus mechanisms, which, however, did not lead to an increase in demand for borrowed funds. Now, given the latest news from the Celestial Empire, investors are unlikely to be interested in the pluses of the Chinese economy, preferring safe-haven assets, primarily the dollar.The situation in the Governing Council of the ECB is not as unambiguous as markets forecast. Not all of its members are in favor of toughening policy. According to Philip Lane, chief economist of the Central Bank, there are few arguments to raise the rate by 75 basis points. Most likely, the "hawks" and "doves" will judge the report on inflation in the Eurozone. According to the Bloomberg's forecast the figure will slow down from 10.6% to 10.4% which will support the EUR/USD sellers. Moreover, judging by the producer prices dynamics, the global inflation has also gone down.It is quite logical that in the near future the buyers of the dollar will take over the initiative. We are waiting for a breakthrough support at 1.033.