EURUSD Technical Analysis - The positive sentiment is giving the pair a boost ...Middle East

Fundamental OverviewThe USD last week saw a quick dip across the board following the soft US CPI report as the market priced back in two rate cuts by the end of the year. The moves were reversed soon after though as we got a bit more hawkish than expected FOMC decision where the dot plot showed that the Fed expected just one cut for this year despite the soft US CPI report. Later on, Fed Chair Powell backpedalled on the projections making them a bit less worrying as the central bank remains very data dependent. The US Dollar eventually got supported in the last part of the last week as the risk sentiment turned more cautious. The EUR, on the other hand, got hit hard by the European elections

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