EURUSD Technical Analysis - Tentative price action into the US CPI next week ...Middle East

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EURUSD Technical Analysis - Tentative price action into the US CPI next week
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The USD weakened across the board recently due to a more dovish than expected FOMC decision last week where the Fed decided to signal a bigger QT taper beginning in June and the Fed Chair Powell pushing back repeatedly against rate hike expectations. Moreover, the data on Friday showed that the Fed might indeed just keep rates higher for longer as job and wage growth soften.The EUR, on the other hand, has been gaining ground mainly because of the USD weakness and some positive news on the growth side as the PMIs continue to improve. The market has already fully priced in three rate cuts for the ECB this year, so that shouldn’t weigh much on the EUR anymore. The market will need something to

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