EURUSD Technical Analysis – Choppy price action as the market awaits more data ...Middle East

Fundamental OverviewOn Wednesday, the Fed finally started its easing cycle and decided to do it with a 50 bps cut. The market was already leaning towards a 50 bps move, so it wasn’t a surprise. The larger cut was framed as kind of an “insurance” cut with the dot plot showing two more 25 bps cuts by the end of the year and less than the market expected in 2025. The US Dollar didn’t get a boost despite the rise in Treasury yields. Now that the decision is behind us, the focus will be on the economic data. If we start to see an improvement, then Treasury yields will likely continue to rise and lead to a reprising in the dovish expectations supporting the greenback in the short-term. Conversely,

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EURUSD Technical Analysis – Choppy price action as the market awaits more data ...Middle East

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