Fundamental OverviewThe USD continues to remain under pressure amid positive risk sentiment and the imminent rate cuts from the Fed which should help global growth. These are generally bearish drivers for the greenback.In fact, the appreciation of the EUR has been mostly driven by the US Dollar side of the equation. The ECB is expected to cut in September as well and then deliver at least another cut by the end of the year. The focus will be on tomorrow’s Flash PMIs and then Fed Chair Powell speech at the Jackson Hole Symposium on Friday. EURUSD Technical Analysis – Daily TimeframeOn the daily chart, we can see that EURUSD extended the rally all the way to the 1.1136 level. This is where we
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